I7 Overclock and Liquid Cooling

Please, tell me your thoughts on this build. Also, I'm considering watercooling, but I've been hearing that it's dangerous and requires yearly maintenance. I know that the i7 line automatically overclocks, and apparently, if you want to overclock, you need liquid cooling. Is this correct? And anyone have experience with iBP?

NZXT Phantom Full Tower Gaming Case - Black
Intel® Core™ i7 950 Processor (4x 3.06GHz/8MB L3 Cache)
iBUYPOWER PowerDrive
PowerDrive Level 1 - Up to 10% Overclocking
Processor Cooling
Certified CPU Fan and Heatsink
6 GB [2 GB X3] DDR3-1333
Video Card
NVIDIA GeForce GTX 580 - 1.5GB - EVGA Superclocked - Single Card
[3-Way SLI] ASUS Rampage III Extreme w/ 4x PCI-E 2.0 x16
Power Supply
850 Watt -- Corsair CMPSU-850TX
Primary Hard Drive
1 TB HARD DRIVE -- 16M Cache, 7200 RPM, 3.0Gb/s - Single Drive
Optical Drive
24X Dual Format/Double Layer DVD±R/±RW + CD-R/RW Drive - Black Display
Sound Card
3D Premium Surround Sound Onboard
Network Card
Onboard LAN Network (Gb or 10/100)
Operating System
Microsoft Windows 7 Home Premium
Wireless Network Adapter
1 x Zonet ZEW2545 802.11n 130Mbps Wireless USB Adapter
2 answers Last reply
More about overclock liquid cooling
  1. You do not need Liquid Cooling for overclocking. You can get a high end air cooler that will give you more than enough performance for far much less cash http://www.newegg.com/Product/Product.aspx?Item=N82E16835608018&Tpk=nh-d14

    Everything looks fine.

    I've only heard bad things about iBuyPower.
  2. My PSU's okay too?
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