AMD's don't come unlocked, but they CAN be unlocked. Intel's can't.
It's like this. When you up the FSB you up the chipspeed as well. You probably know that. Chipspeed is multiplier x FSB, so an XP-1800 for example (11.5 multiplier) is 11.5x133=1533 MHz.
Now, every chip has it's limit where no amount of cooling or voltage will let you OC any higher. Let's say for the XP-1800 in the example above that limit is 1667 MHz.
Now, if you leave the chip locked and up the FSB you'll only get to 11.5x145=1667 MHz. OK, great. But what about the FSB? Alot of the time memory and other components can handle MUCH higher FSB speeds than 145.
So you unlock the chip and lower the multiplier to 10.5. The chip's limit is still 1667 MHz, but with a 10.5 multiplier it's 10.5x158=1667 MHz. The FSB is 13 MHz higher, which means that the DDR mem is 26 MHz faster!
The FSB overclocking can be just as important as the chipspeed. It speeds up the memory, AGP, the bus from the memory to the chip (that's why people get 333 boards and do NOT use the 5/4 divisor on the mem, cuz the chip's FSB is still 133 while the mem is 166, but if you overclock the FSB to 166 the mem AND chip are at 166). That's why noone unlocks and just ups the multiplier and leave the FSB at 133.
--Illah