Still running great....
Just to update my post from last night....
I have been running my Air on and off all day and have still not had any problems. I have not seen the temp go over about 61 deg C. (I have all my clock speeds pegged at .900V).
One thing I find interesting is that ... most of the time... my machine is running at 800MHz. Oh, it will throttle up from time to time when I ask it to do something, but even watching Youtube videos it settles back down to 800, occasionally 1200. Youtube is where I could inevitably get it to heat up and start stuttering, etc., before I installed CoolBook. I have NOT noticed any perceptible performance decrease...the machine isn't moving any slower, etc. And all of this is with it hooked up to a 20" Apple Cinema Display, and plugged in to the power adapter (both of which are reported to make the overheat problem worse).
Granted, I'm not beating on it with really intense games or anything. I am thinking that for the things I do (surf, email, itunes, videos, word, excel mostly) this machine has plenty of oompf....since I am clearly not even taxing it. Very rarely do I see it go up to 1600MHz. And that is a good thing....it is telling me in a roundabout way that I don't NEED a MBP!
I am thinking that without CoolBook, the default parameters may have the machine running more intensely than necessary (like running in place when you don't need to go anywhere)....which contributes to the overheating/core shutdown problems I was having before. I think that the throttling feature of CoolBook may be every bit as useful as the undervoltage settings....but I'm too lazy to actually play with it and test it right now to see what would happen with just the throttling but no changes to the voltages. I'm just happy with the way it is running!
For those of you that are having trouble getting it to ramp up, etc. I don't want to offend anyone but PLEASE print and read the manual. It is not long. The way you have to make the settings "stick" is really not intuitive and it may be that you are not doing what you think are. It happened to me at first....follow the steps exactly (with set and save and so on...) and you should be OK.
Thanks again to the OP!