Thanx for your comments Tim. In this case it was not a fan failure because a previous build runs just fine on the very same hardware. I have also ran 'show diag' and there was no indication of a fan failure.
I am remotely speculating here in assuming the problem was that they tried to dynamically adjust CPU performance based on current load and that did not go as planned. Fact is that build will boot and behave well for some time and then load spikes will start to happen more and more often for no apparent reason.
The HZ message appears on previous builds as well. It appears at some random time when running 'top'. So likely not the root cause.
Nevertheless, from what I know R&D identified the problem and is currently going through full cycle QA testing. Are they going to communicate what was the problem I don't know but for me enough is that it will be fixed after all.