.35 = francos v1.1-02102011 and newer
.32 = fserves gbs v18b2 and newer
It seems that some phones experience camera flicker when overclocking and some don't.
Example of Camera Flicker
I noticed that I didn't experience camera flicker with Paulos .35 kernel so I dug through his sources and found the routine that solved my problem.
Note - I'm not a developer and I've only tested this with francos .35 sources.
Extract acpuclock.c to arch/arm/mach-msm and compile
I've contacted franco and fserve via PM with my findings and I know that franco is including it in his next release. However, if you can't wait.... do it yourself!!
THIS IS NOT A FLASHABLE ZIP.