Get the lm_sensors 2.6.2 or more recent: http://www.lm-sensors.nu/archive/lm_sensors-2.6.2.tar.gz You'll need kernel sources too in order to compile that one.
tar -xzvf i2c-2.6.2.tar.gz
cd i2c-2.6.2
make && make install
Then there was a problem when making install for me, so if it doesn't work, just do the following:
cp kernel/i2c-core.o /lib/modules/`uname -r`/misc/i2c-core.o
cp kernel/i2c-proc.o /lib/modules/`uname -r`/misc/i2c-proc.o
Now let's copy the specific driver:
cp kernel/chips/it87.o /lib/modules/`uname -r`/misc/it87.o
ok now
cp prog/sensors/sensors /usr/bin/sensors
--------------------------------------------------------------------
Edit /etc/modules.conf and add to it the following lines:
alias char-major-89 i2c-dev
options it87 temp_type=0x31
now:
modprobe i2c-proc
modprobe it87
modprobe i2c-isa
sensors
should output you some data
When it works, you can write it to a file, that will be loaded automatically on
boot. Under 
SuSE the file is:
/etc/init.d/boot.local (used to be /sbin/init.d/)
and you should just add: sensors -s
Under mandrake, the install should have created that file:
/etc/init.d/sensors, which you can edit freely, sensord being just a
daemon to watch over temperature and fan speed, I assume no one
will need something like that for her/his own machine.
Paolo reports that in order to start up sensord on boot, he put in /etc/sysconfig/sensors:
MODULE_0=i2c-proc
MODULE_1=it87
MODULE_2=i2c-isa
Now as root you should edit your /etc/sensors.conf
search for that line: chip "it87-*"
and below you should be able to modify everything to get the right data, here is
a copy of what i have in there:
(please note that temp1 is trash and only temp2 and temp3 should be kept)
--------------------------------------------------------------------
This time you'll be forced to compile the modules. install the source and programs:
apt-get install lm-sensors lm-sensors-source
 The upstream lm-sensors maintainers know of a problem using 
 lm-sensors with IBM ThinkPad computers, resulting in 
 firmware corruption.  If you are installing this package on 
 a ThinkPad, you should wait until the upstream maintainers 
 have solved this problem before building modules from it.
 For more information, see 
 /usr/share/doc/lm-sensors-source/README.thinkpad.
 IBM ThinkPad brokenness -- really install lm-sensors?
cd /usr/src
tar xzvf lm-sensors.tar.gz
cd modules/lm-sensors/
make && make install
Then you should have modutils take a few arguments, the best way is probably to use a new file, like: /etc/modutils/sensors with this content:
alias char-major-89 i2c-dev
options it87 temp_type=0x31
update-modules
modprobe i2c-isa it87
You can now type sensors to access to the informations (note that you should edit sensors.conf, otherwise you'll see strange and inaccurate things :] )
You can also put i2c-isa and it87 in /etc/modules (one by line!) to have them be automatically loaded on boot, I don't know yet, how/whether it is possible to use some automatic loading/removing process with /etc/modules.conf
#David Thorarinsson explained me that all the 'set' lines should be after the compute ones,
#this is now fixed,
chip "it87-*"
# The values below have been tested on Asus CUSI, CUM motherboards.
# Voltage monitors as advised in the It8705 data sheet
    label in0 "VCore"
    label in1 "Vcc2.5V"
    label in2 "+3.3V"
    label in3 "+5V"
    label in4 "+12V"
    label in5 "-12V"
    label in6 "-5V"
    label in7 "SB 5V"
    label in8 "V battery"
    # vid not monitored by IT8705F
    ignore  vid
# For this family of chips the negative voltage equation is different from
# the lm78.  The chip uses two external resistor for scaling but one is
# tied to a positive reference voltage.  See ITE8705/12 datasheet (SIS950
# data sheet is wrong)
# Vs = (1 + Rin/Rf) * Vin - (Rin/Rf) * Vref.
# Vref = 4.096 volts, Vin is voltage measured, Vs is actual voltage.
#    compute in2 (1 + 1)*@ ,       @/(1 + 1)
    compute in3 ((6.8/10)+1)*@ ,  @/((6.8/10)+1)
    compute in4 ((30/10) +1)*@  , @/((30/10) +1)
# The next two are negative voltages (-12 and -5).
# The following formulas must be used. Unfortunately the datasheet
# does not give recommendations for Rin, Rf, but we can back into
# them based on a nominal +2V input to the chip, together with a 4.096V Vref.
# Formula:
#    actual V = (Vmeasured * (1 + Rin/Rf)) - (Vref * (Rin/Rf))
#    For -12V input use Rin/Rf = 6.68
#    For -5V input use Rin/Rf = 3.33
# Then you can convert the forumula to a standard form like:
    compute in5 -(36/10)*@, -@/(36/10)
#(7.67 * @) - 27.36  ,  (@ + 27.36) / 7.67
    compute in6 -(56/10)*@, -@/(56/10)
#(4.33 * @) - 13.64  ,  (@ + 13.64) / 4.33
    compute in7 ((6.8/10)+1)*@ ,  @/((6.8/10)+1)
    set in0_min 1.7 * 0.95
    set in0_max 1.7 * 1.05
    set in1_min 2.4
    set in1_max 2.6
    set in2_min 3.3 * 0.95
    set in2_max 3.3 * 1.05
    set in3_min 5.0 * 0.95
    set in3_max 5.0 * 1.05
    set in4_min  12 * 0.95
    set in4_max  12 * 1.05
    set in5_min -12 * 0.95
    set in5_max -12 * 1.05
    set in6_min  -5 * 0.95
    set in6_max  -5 * 1.05
    set in7_min   5 * 0.95
    set in7_max   5 * 1.05
# Temperature
    label temp3       "Processor"
    set   temp3_over  40
    set   temp3_hyst  20
    label temp2       "Mainboard"
    set   temp2_over  45
    set   temp2_hyst  25
    ignore temp1
# Fans
    label fan1"Processor's Fan"
    set fan1_min 2000
    ignore fan3
    ignore fan2
#
#  If you have a system fan, comment 'ignore fan2'
#  and uncomment the following lines :
#  Thanks to gro.reirual@erreip
#
#    label fan2        "System Fan"
#    set   fan2_min    3000
#    set   fan2_div    4
   # Bus options (PCI, PCMCIA, EISA, MCA, ISA)
   CONFIG_ISA=y
   # I2C support
   CONFIG_I2C=m
   CONFIG_I2C_CHARDEV=m
   # I2C Hardware Bus support
   CONFIG_I2C_ISA=m
   # I2C Hardware Sensors Chip support
   CONFIG_I2C_SENSOR=m
   CONFIG_SENSORS_IT87=m
mount sysfs pseudo filesystem if you have not done it yet.
mount -t sysfs sysfs /sys
See Documentation/filesystems/sysfs.txt and Documentation/i2c/sysfs-interface in the kernel sources tree
modprobe it87
modprobe i2c-isa Sensors can be accessed in the sysfs pseudo file system. But if you want you can use the lm_sensors user tools...
Install sensors user tools:
cd lm_sensors-2.8.3
copy this into a file named chips-it87.diff
NOTE: This patch is only required for old versions of lm_sensors, Paolo wrote:
"A reply from lm_sensors developers said that the next version of lm_sensors will fix this. It is already fixed in CVS."
--- lib/chips.c Sun Jan 25 00:13:49 2004
+++ ../lm_sensors-2.8.3.OK/lib/chips.c  Sat Jan 24 01:23:43 2004
@@ -3757,13 +3757,13 @@
                          R, IT87_SYSCTL_TEMP2, VALUE(3), 1 },
     { SENSORS_IT87_TEMP3, "temp3", NOMAP, NOMAP,
                          R, IT87_SYSCTL_TEMP3, VALUE(3), 1 },
-    { SENSORS_IT87_TEMP1_LOW, "temp1_hyst", SENSORS_IT87_TEMP1,
+    { SENSORS_IT87_TEMP1_LOW, "temp1_min", SENSORS_IT87_TEMP1,
                               SENSORS_IT87_TEMP1, RW,
                               IT87_SYSCTL_TEMP1, VALUE(2), 1 },
-    { SENSORS_IT87_TEMP2_LOW, "temp2_hyst", SENSORS_IT87_TEMP2,
+    { SENSORS_IT87_TEMP2_LOW, "temp2_min", SENSORS_IT87_TEMP2,
                               SENSORS_IT87_TEMP2, RW,
                               IT87_SYSCTL_TEMP2, VALUE(2), 1 },
-    { SENSORS_IT87_TEMP3_LOW, "temp3_hyst", SENSORS_IT87_TEMP3,
+    { SENSORS_IT87_TEMP3_LOW, "temp3_min", SENSORS_IT87_TEMP3,
                               SENSORS_IT87_TEMP3, RW,
                               IT87_SYSCTL_TEMP3, VALUE(2), 1 },
     { SENSORS_IT87_TEMP1_HIGH, "temp1_over", SENSORS_IT87_TEMP1,
apply the patch:
$ patch -p0<chips-it87.diff
$ make user
# make user_install
edit sensors.conf file it87 chip section (There is an example for more recent versions of lm_sensors in the following section)
This version was sent by Paolo BERVA for lm_sensors 2.8.3.
chip "it87-*" "it8705-*" "it8712-*"
# The values below have been tested on Asus CUSI, CUM motherboards.
# Voltage monitors as advised in the It8705 data sheet
    label in0 "VCore 1"
    label in1 "VCore 2"
    label in2 "+3.3V"
    label in3 "+5V"
    label in4 "+12V"
    label in5 "-12V"
    label in6 "-5V"
    label in7 "Stdby"
    label in8 "VBat"
    set in0_min 1.7 * 0.95
    set in0_max 1.7 * 1.05
    set in1_min 2.4
    set in1_max 2.6
    set in2_min 3.3 * 0.95
    set in2_max 3.3 * 1.05
    set in3_min 5.0 * 0.95
    set in3_max 5.0 * 1.05
    set in4_min 12 * 0.95
    set in4_max 12 * 1.05
    set in5_max -12 * 0.95
    set in5_min -12 * 1.05
    set in6_max -5 * 0.95
    set in6_min -5 * 1.05
    set in7_min 5 * 0.95
    set in7_max 5 * 1.05
    #the chip does not support in8 min/max
    # vid is not monitored by IT8705F
    # and is not supported by driver at this time
    ignore  vid
# If 3.3V reads 2X too high (Soyo Dragon and Asus A7V8X-X, for example),
# comment out following line.
#    compute in2   2*@ , @/2
#
    compute in3 ((6.8/10)+1)*@ ,  @/((6.8/10)+1)
    compute in4 ((30/10) +1)*@  , @/((30/10) +1)
# For this family of chips the negative voltage equation is different from
# the lm78.  The chip uses two external resistor for scaling but one is
# tied to a positive reference voltage.  See ITE8705/12 datasheet (SIS950
# data sheet is wrong)
# Vs = (1 + Rin/Rf) * Vin - (Rin/Rf) * Vref.
# Vref = 4.096 volts, Vin is voltage measured, Vs is actual voltage.
# The next two are negative voltages (-12 and -5).
# The following formulas must be used. Unfortunately the datasheet
# does not give recommendations for Rin, Rf, but we can back into
# them based on a nominal +2V input to the chip, together with a 4.096V Vref.
# Formula:
#    actual V = (Vmeasured * (1 + Rin/Rf)) - (Vref * (Rin/Rf))
#    For -12V input use Rin/Rf = 6.68
#    For -5V input use Rin/Rf = 3.33
# Then you can convert the forumula to a standard form like:
#    compute in5 (7.67 * @) - 27.36  ,  (@ + 27.36) / 7.67
#    compute in6 (4.33 * @) - 13.64  ,  (@ + 13.64) / 4.33
#
# this much simpler version is reported to work for a
# Eltite Group K7S5A board
#
   compute in5 -(34/10)*@, -@/(34/10)
   compute in6 -(51/10)*@, -@/(51/10)
#   compute in6 -(56/10)*@, -@/(56/10)
#
    compute in7 ((6.8/10)+1)*@ ,  @/((6.8/10)+1)
# Temperature
#
# Important - if your temperature readings are completely whacky
# you probably need to change the sensor type.
# Adujst and uncomment the appropriate lines below.
# The old method (modprobe it87 temp_type=0xXX) is no longer supported.
#
# 2 = thermistor; 3 = thermal diode
#   set sensor1 3
   set sensor2 2
   set sensor3 2
    ignore temp1
    label temp2       "M/B Temp"
    set   temp2_over  40
    set   temp2_min  20
    label temp3       "CPU Temp"
    set   temp3_over  45
    set   temp3_min  25
# The A7V8X-X has temperatures inverted, and needs a conversion for
# CPU temp. Thanks to Preben Randhol for the formula.
#   label temp1       "CPU Temp"
#   label temp2       "M/B Temp"
#   compute temp1     (-15.096+1.4893*@), (@+15.096)/1.4893
# The A7V600 also has temperatures inverted, and needs a different
# conversion for CPU temp. Thanks to Dariusz Jaszkowski for the formula.
#   label temp1       "CPU Temp"
#   label temp2       "M/B Temp"
#   compute temp1     (@+128)/3, (3*@-128)
# Fans
    label fan1 "CPU/Fan"
    set fan1_div 2
    set fan1_min 2000
    label fan2 "Sys/Fan"
    set fan2_div 4
    set fan2_min 2000
    ignore fan3