Rob, the 3.3volt reading obviously can't be right, or I wouldn't be typing this right now. Nowhere in that picture does it say my GPU is 116 degrees or that my CPU is 124 degrees...
However, I did notice that the 5v reads as 4.75, which is low. But from what I understand, GPU's run off the 12v line anyway... Either way, I'm not sure I trust this applications readings...