I am also a bit annoyed with the water cooling and can I over clock a console crap! It was designed to do a job and the games were developed to run on THAT hardware! Why would you need/want to overclock and risk destroying it? I thought getting a console was to have something that you could just flip on and play a game and not have to mess with config files and updates and all that crap that comes with PC gaming.
And this is coming from someone who has a modded xbox... But I only modded it for XBMC and I don't use it for games anymore.