There are many people with posted 8hr+ prime stable 4.3, 4.4, even up to 4.6ghz on water with reasonable temps, many using reasonably quiet fans like your 1500rpms. I am surprised you had problems with stability at 4.4 on water, given your cpu. But I think you illustrate why many have upgraded their water systems with these chips. Little surprised at your load temps given you are using external rad and your fan speed. Did you measure water temps, just trying to see where your cpu is different than mine, detla air to water or delta cpu to water. My intake ambient 23C, water temp 27.7C, delta cpu to water 40c using avg temps, 41-42C using max temps, at 4.4ghz, 1.36-1.375 cpuz idle, 1.344cpuz load. When ambients 24.5C on some runs, increase everything by 1.5C.
I can do 4.4 with max 73C temps prime stable even with fans turned down to 1200rpms (granted 2x360 rads), which is very quiet. Same reason martin and others on xtreme are going to 2x360 rads for cpu only, quiet + max OC.
When I first got my i950 and ran prime with my old water setup, 1x360 rad, 1300rpm fans, GTZ, mx2 tim, and internal rad, using hot internal air to cool rad, I loaded at low 80's C max after 12 hrs prime, mid to high 70's within 20 mins, but was still prime stable at 4.4ghz. Part of problem I was heating my local intake case ambients, among many other things after 12 hours.
Then reversed fans to use external cooler air (4-5c cooler, especially with 1hr+ loads), upgraded to HK, made better overall case airflow, redirected airflow in back so could not recirculate into ambient intake, and got GT fans, then 10 hrs prime stable at 4.4 with max 76C temps at ~23.5C ambients. I posted couple times on xtreme in other threads my temp changes with various changes.
http://img56.imageshack.us/img56/3828/440074c10hrsprimebios8f.jpg
Then used 2x360 rads with only 1300-1400 rpm fans, upgraded tim to indigo, and now prime 8 hrs quietly with push/pull GT with only 71C max temps this again 23-23.5C ambient. Can turn fans down to very quiet 1200 and still get good temps.
http://img195.imageshack.us/img195/6118/44008hrprime70maxtemp.jpg
But even running 4.5ghz with 1.4 vcore now, I am only in mid 70's and stable for 4 hrs prime...this is only 10 mins though 4.5ghz, after 4 hrs temps will be ~3C higher max realtemp.
http://img44.imageshack.us/img44/4536/4500temps.jpg