I haven't followed the details of this thread enough to know what kinds of spikes are happening when, but if Vcore spiking is being suspected I'd highly suggest you look at the following link and the linked page and the couple pages thereafter:
http://www.anandtech.com/cpuchipsets...spx?i=3184&p=5
Specifically it's about how the tendency to minimize Vdroop by various options in the BIOS and overcompensating for Vdroop by boosting Vcore directly leads to predictable overvoltage spikes to the CPU whenever the load of the CPU changes momentarily from heavy load to something much less.
They suggest that the "Vdroop" is actually proper and necessary and beneficial in many cases, and it is trying to disable / compensate for it that is a problem in many cases.
Now of course some motherboards / PSUs may just have poor regulation or load handling ability, but those issues aside, even the best PSU / Motherboard has to have some momentary variability of output voltage versus load change since the response of the power unit can't be as instantaneous as the load change of the CPU. Given that, the MB/PSU should put out a voltage that is within specification, but not so close to the limit that the predictable spike or brownout when the load decreases or increases heavily causes the voltage to exceed the lower or upper limit.