Pretty much any CPU chip is rated at a lower rate then the chip can actually handle, this is because in the process of making chips they are all not going to work exactly the same at various speeds, so what they do, is run batch tests till the cpu's fail and then scale them back to the most stable setting, name and release them. In this way they are pretty sure that the chip will last awhile at it's stated speed rating.
Now, jumping from 550 (or 600 if that's what it it really rated) all the way to 1 gig, I'm surprised it runs at all without glitches, I know my computers CPU would have a heart attack without watercooling, lol. Having overclocked CPU's in computers and PDA's for years, I wouldn't go but to about 750 at most.
Just my 2 cents
Really? I've been overclocking for a few years now. in fact, I am running a 2.8gihz AMD Phenom X3 at 3.850ghz... air cooled. Before this, I had a 2.2ghz dual core overclocked to 2.8ghz. I've always had good luck overclocking anything. 600 to 1ghz is a bit on the high side of that, but if it is stable and not running very hot (mine is running at 40c @1ghz under full load for 3+ hours now), then I don't see much of an issue.
And I'm not worried about killing my phone earlier than it is expected to last. My NE2 was up last month on my primary line, and one of my second lines will have a yearly discount in 3 months.
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