On CPU life expectancy and tradeoff
There is NO clear Yes or No answer to predict "life expectancy" regarding to a particular CPU based on voltage and temperature. For a given CPU type, they follow certain statistical behavior.
The inverse relationship between frequency and temperature will naturally determine the max voltage and frequency for a given CPU and cooling setup. If overclocking is done properly, such voltage and temperature should be below the max absolute temperature and voltage of a given CPU specifcation (at least true for Tbred/Barton).
For example, assuming nominal voltage is 1.5 V.
Running it constantly at 1.8 V is 20% over nominal and running it at 1.95 V is 30% over nominal voltage.
From electromigration analysis, keeping temperature roughly constant (by cooling), overvoltage from 20% to 30% decreases CPU failure time (life expectancy) by about 10% (failure time reduced from 69% to 59%)
For Tbred B/Barton/Mobile Barton, the frequency gain between 1.8 V to 1.95 V is about 75-100 MHz at 2300-2500 MHz level, it is stating to operate in the diminishing return regime, getting only 75-100 MHz from 150 mV Vcore increase. The gain in overclocking frequency is about 3 - 4%.
The most effective, cost effective overclocking voltage for Tbred/Barton is between 1.5 - 1.9 V, beyond which overclocking is very costly in terms of power supply and cooling with diminishing frequency gain.
So it is a tradefoff between frequency, voltage and life expectancy.
Going from 1.8 V to 1.95 V, one would get 3 - 4% increase in overclocking frequency at the expense of an additional 10% reduction in CPU life expectancy (statisitically).
But then a different person uses a CPU differently and have different objective, some expect to use it for 6 months, 1 year, some for 3 year, ..., some want to squeeze the last MHz for competition and satifaction, so one has to make his/her own judgement and tradeoff, ...
This post discusses this subject in details:
CPU voltage: from stock to max absolute, from efficient overclocking to diminishing return (page 19)
Effect of high Vcore and electromigration on CPU failure time (page 15)
Effect of high Vcore and electromigration on expected failure time for Tbred B/Barton (page 15)
What could damage a chip/CPU permanently? (page 15)
What is gate break-down voltage (page 16)