Sounds like a decent plan but a few notes:
1. The RAM that comes in that combo is most likely some value ram that won't overclock well. My reccomendation is to find a couple ~$200 1 GB kit that use Samsung TCCD chips. Its the only stuff on the market right now that does 2-2-2-x @ ddr400.
2. With all that RAM, there will be tremendous stress on the memory controller, so overclocking wouldn't be as high if you use 512MB or 1 GB. So you may want to consider some faster CPUs to go with the JNCS RAM.
2cpu.com has a massive thread about this board here:
http://forums.2cpu.com/showthread.php?s=&threadid=52272. I'm sure they'd be glad to help you further.