I hope the project's going well! Took a look at the rootzwiki site and saw how it was going for the other devices...Just wondering if it's still happening for the Nook Tablet, since CM7 is right around the corner...
Using this method, the CM7 team currently has test builds overclocked to 1.2 GHz and have taken it up to 1.25 Ghz without much issue, although the tablet did start to get warm at the higher speed. Anything much above 1.25 Ghz (tried it up to 1.3Ghz) gets unstable and you start to get FCs and random reboots. The extra 200 Hz is pretty nice though
We are planning to release an update that will enable OC for everyone using CM7 soon.