Thats correct. It will still increase the temps of the chipset but that shouldnt be a problem.
Increasing the CPU FSB from 266 to 400 is the part thats harder to achieve, some Q6600 can do it others cant its worth a shot I would say as long and you dont overvolt too much and doesnt get over 70 C or so.
I am tempted to try for a higher overclock given that the voltages have been so good and the temps are good (I have a good cooler).
But it is winter here so the ambient temps are low.
10h of prime95 max heat test plus unigine heaven looping and the max temp I have hit is 45C on the CPU (max core temp 55C). It just depends whether the extra 400mhz from 3.2-3.6 is worth long term stability as things seem fairly rock solid at 3.2.