What model disk controller? Do you have Jumbo Frames enabled? Did you tweak the ISCSI target settings as described in various threads in this forum? Getting between 52 MB/s - 89 MB/s depending on traffic using your command line in a centos 5 vm using LSI 9260 disk controller and RAID 10 Sata Drives and Jumbo Frames,target settings tweaked and using MPIO (not bonded). Have about 32 vms active under Xenserver 6.0