The throttling, or rather speedstep, is recommended to be turned off as when you overclock it it will default to the lowest multiplier most of the time, so that you will only know if it is stable by putting it under load for a long time (see:
ORTHOS). Having said that, my overclocked E6600 has speedstep still on.
As you increase your FSB you will be increasing the RAM speed, so unless you want to overclock that too, drop that down to the next divider so that it runs slower than it should. Decent RAM will be able to overclock so far before it either requires more voltage or looser timings. For simplicity sake (so that we don't have to check the RAM for stabitly as well as the CPU set that to a divider below its rated speed, i.e. 800Mhz set to 667Mhz).
Ok, jump up your FSB by 5-10 Mhz a time and boot into windows, do a quick check for stability each time, the best is probably
ORTHOS, let it run for 1 loop for now. When you get to a point where orthos errors increase the CPU core voltage by one increment and try the test again. To test that your memory/northbridge is also playing nice, run test 5 looped from
Memtest86+ (has to boot off of a CD). run that for about 30mins to get a general idea of if its ok.
When you get to the point when memtest errors, and the memory hasn't been pushed ridiculously past its rated speed then you will have to increase the voltage to the northbridge (sometimes called MCH) or decrease the RAM divider (if it is a ridiculous RAM overclock and adding RAM voltage doesn't help).
Stay below 1.5v on your CPU and you should be ok. As a general rule the more voltage goes in the more your processor will run hot.
Think that's about all the basics you need to know, if you need any of that clarifying then let me know.
Dan