I run the chip with all intels power savings on,like on idle its at 1 volt and depending on how much load it will go up to 1.528 volts.I just ran a 32m pi and it never went over 1.44 volts.
This chip was always a 5-5100 mhz chip as it would hit close to 97c at 5.1ghz.
Its been overclocking exactly the same as it was when I first got it.
This is also with 4 sticks of 2133 ram for 8gb and 1.65 on the memory
edit here is what it looks like with no load.You sure its not your mother boards caps that are dying.
http://img543.imageshack.us/img543/9553/15514618.jpg