Well there are 2 ways to test a CPU, stress and heat, I mean, I think thats the two things that everyone looks at when OCing a CPU. For heat, I found that using some sort of video encoder is the best becaue it stays a near solid 100%. I use Windows Media Encoder 9, and I take some long video, tell it to double the resolution (just to make sure it doesnt finish soon) and set the decoder complexity to complex. I let it run from 10-20 min, thats about how long it takes until I see the temp no longer rise.
As for stress, technically the above would work too but people like to use burn in tests that programs use that are designed to stress like sandra and do it for hours and hours. I usually only test for heat because I try to keep my heat below 60C which never allows the CPU to really reach a speed that would cause instabilty, My mobo adjusts voltage on its own but I have to go manual if I really want to go high. I only forced my ram to run at 333 (666mhz) because my ASUS would immediately start dropping my ram speed. Other than that, I just test the heat and play games, I don't test for stability, just game, if I can game then I am happy.
Oh and my cpu MIGHT be here today, not sure, its shipping only 2 hours away from where I live sooooooo yea, fingers crossed.