I thought adding more info to this thread would be better than creating yet another one.
When it comes to Cube CPU upgrades, the Apple-made cards that physically fit a Cube are the single processor 7400/7410 cards, and the dual 7400 card from a Gigabit Ethernet tower. None of the Quicksilver or MDD cards will easily fit a Cube. The Digital Audio cards that will fit a Cube are the single processor 7400/7410 cards (which are nearly identical to the earlier versions).
So again, using Apple cards, the main options for a Cube are the single processor 7400/7410 cards (from the AGP, Gigabit Ethernet, and Digital Audio in speeds like 350, 400, 450, 466, 500, and 533MHz) and the dual 7400 card (450 or 500MHz) from a Gigabit Ethernet tower. In a Cube, these chips can be overclocked to 550, 600, and sometimes 650MHz.
To use the dual 450/500 in a Cube, the inductor on the CPU board needs to be moved, or a clearance hole cut in the Cube heatsink. Also, some sort of thermal connection needs to be made between the CPU silicon and the Cube aluminum heatsink (e.g. a piece of metal with suitable thickness).
I did one time see (back on cubeowner.com iirc) where someone installed a 733MHz 7450 CPU from a Digital Audio into a Cube. It required extensive modifications like cutting off the IDE connector, removing the airport connector, re-routing wires, and the same inductor and heatsink modification as for the dual 450/500, except with less room.
So many things are possible, but the main method to run a newer chip like the 7450, 7455, 7457, 7447, or 7448 in a Cube is to BGA solder one on, or simply use an aftermarket card. Some of the aftermarket companies like Sonnet, Powerlogix, Newer Technology, Giga Designs, Fastmac, OWC, etc. made upgrades specifically for the Cube. In many cases aftermarket cards made for the tower series can also be used in a Cube with minimal modifications, but heat and power can be a problem with this route. Try a search on "Cube VRM" to get an idea.
The Cube firmware will accept 7400, 7410, 7450 and 7455 CPUs, but will block later ones like the 7447, 7457, and 7448. The aftermarket companies made firmware patches to remove the block.
Here are more related threads: