Actually, the process is simple. Open SQL Server Enterprise Manager, and in your SQL Server group, right-click the server you want to test and click properties.
There should be a 'Processor' tab. The first section governs which processors SQL Server will use. Just un-check one of the processors.
Optionally, you can physically remove one of the processors (or disable it in the BIOS if the option is there). HAL will not complain on most SMP mainboards -- the system just runs "gracefully degraded". Just be sure to remove power from the system before pulling a CPU (and before putting it back in).
Physically pulling the CPU is naturally more risky than just telling SQL Server to use only one processor -- but also more accurate. Another option is to load SQL Server on a single-processor system to test it.