You can test it yourself if you have an enthusiast class motherboard.
Suppose, for instance, you have a Q6600. Go into your BIOS and lower CPU multi on your Q6600 to 4 (enthusiast mb's support the CPU multi unlock feature). With the front side bus running at deault 266 MHz (1066), the CPU will be massively underclocked running at less than half its default frequency (266 x 4 = 1066 MHz). By the way, if you really try this, make sure to take the divider off your memory modules (running them 1:1 would be best methinks).
Now begin to raise the FSB in increments of 20. With a vanilla board (eg 975X), I guess you'll hit the "FSB wall" maybe around 500 MHz? Whatever, let's assume the system starts to cr@p out at 500.
Obviously, if your system (with CPU multi =4) is conking out with FSB running at 500 MHz, it's not the Q6600 that is overheating, because the CPU is still underclocked and cool at 2.0GHz (500 x 4 = 2000 MHz). Rather, it's the system bus that is running hot and unstable at 88% overclock (266 vs. 500).