121ºC probably means there is no sensor present.
You can buy a fan controller if you want to regulate the fans.
http://www.zalman.co.kr/ENG/product/Product_Read.asp?idx=209
http://www.nzxt.com/products/sentry_lx/
The nzxt can control up to 5 fan on AUTO or MANUAL mode.
The Zalman can control 4 fans (3 3pin and 1 4pin pwm) but no auto mode.
Zalman also come whit a useful POWER meter that show you the WATT usage off your FULL system ( i had read that its inacurate but, helpfull info to know BTW)
I like better the NZXT but it take 2 slot vs Zalman only one slot. the 2 come with Temp probe, all working well. The NZXT use its probe to vary Fan speed on auto mode but i prefer Manual. I currently run those 2 Controler whit ALL fan connected and they work great. Giving me a chance to listen a Movie in a quiet atmosfere or Play game whit NICE temp.