So i have my 27" mid 2011 iMac connected to a brand new gigabit switch whom is connected to an airport extreme. using a cat 5e ethernet cable... When i open the network utility the link speed is 100 Mbit/s
Check System Preferences, Network, Ethernet, Advanced..., Ethernet. What does it say?
If everything looks good there, try with another device to make sure the cable and the switch are all right.
make sure the cable [is] all right.