I have an i5 at 3.1 GHz with 8 GB RAM running two Minecraft server instances using the Sun JRE.
Since a few days, the servers start showing the familiar "Can't keep up" message; CPU usage per process is at 187%.
I've already run the Minecraft Region Fixer, which found no problems.
As I think the hardware should be sufficient, I wonder what else may be wrong here.