i would say it would overclock well(only seen the benchmarks). As for the memory being overclocked it only has a 1:1 ratio yet it looks like it 33% faster than a IT7. Thats gotta be good no matter what your doing on your PC.
Instead of paying more for corsair 3500 for an IT7 you could spend less on ram, e.g you would never need anymore than corsair 3200 on a P4G8X and still out power the IT7.
I hope the Asus has no problems with ATI 9700
The only hope I have for the IT7 is being able to make the new P4 800fsb processor run on it when they come out. Thats if its even possible to do so? If so you could overlclock the mainboard to 200fsb so as to run the P4 800fsb standard and maybe alittle more if your lucky. Really depends if these new processors are gonna have a higher ghz rating, up and beyond 4ghz.
After this purchase I will be making it last at least a couple of years before I make enougher. By that time the P4 800fsb will be an affordable replacement for my 2.4B that I have here ready for... dont know which mainboard to get?