The G5 overclocked wouldn't melt (which is what disconap said originally, he wasn't referring to other miscellaneous parts inside the Mac). If the experience on PC forums overclocking AMD and Intel chips is anything to go by, the CPU itself would fail and die well before it reached a melted state. Remember silicon has a melting temperature of about 1400 degrees centigrade.
well yea it wouldnt melt, but it still possibly could get fried. not woth bothering. i would get either get a couple of raptor drives or at least one in 10k rpm then you will be ok. for video you could search the net for a cheap X800XT or 6600GT/6800GT. any of those will set you right. however, the cost of this project would be close to the price of a mini, but you wont get the speed of the raptors or a good video GPU with that option