there have been some projects with liquid nitrogen coolers where cpu's have managed to get between 4 and 6 ghz, but i cant imagine them even running pong safely, and some of these claims are just hoaxes, i'll leave you to do the research.
speaking of overclocking, the other day i got an AM2 motherboard, but didnt wanna get the phenom just yet, so i got the X2 3600+ (natively 2ghz), and a standard heatsink/fan (£6.99 including VAT), but realised this was slowing my RAM down, as it's PC2-8500, which requires an FSB of 267mhz, while my cpu was limitting it to 200 (with *10 multiplier), and hence a massive overclocking project entailed. seems this 2ghz cpu, with a standard heatsink/fan, can be pushed well beyond 2.7ghz (thats a 35% overclock!), however, it had a habit of cutting out/becoming unstable after i'd played a game for a few minutes, so now it's on 9* multiplier @ 2.56ghz, so only a 25% overclock, but still better than nothing, and at leats my ram operates well, it's currently at 2mhz overclock.. i couldnt get it to 1066mhz excactly.
oh, forgot to mention, the CPU temperature only rose from 16 to 19 celcius, and after gaming it's at about 25. can't wait to test out the phenoms limits when i get a descent cooler for it too.