I'll take a swing at this. We've been working on this at work ( I know, what the heck are we thinking).
Here's some background on the different wireless standards.
http://en.wikipedia.org/wiki/IEEE_802.11 You probably have an 802.11n router. 802.11n is the latest spec, to get around the interference problems in the 2.4Ghz range (since that range is unlicensed, a LOT of devices use it, and microwave ovens in particular happen to radiate in that range too). It uses combined signals on the 2.4 and 5Ghz range (which is from the 802.11a technology, but there is nowhere near as many interfering devices) to boost bandwidth and signal for better performance.
N-class speeds will really only kick in if *everything* on the wireless network supports the 802.11n spec. Depending on what you have connected, you may be falling back to 802.11g or 802.11b for compatibility because that's how they make those devices work in a backward compatible fashion. The Playstation 3 (and the Wii) and the iPhone only support 802.11b/g for example. Most newer routers actually have two radios, one for 802.11n that can use the 5Ghz and the other for 2.4Ghz that uses 802.11b/g.
I'm going to bet that you don't actually have any n-class devices on the network (especially if your PC is using a wired connection to the router), so the router never switches on the 5Ghz radio.
Hope that helps.
Kalkin