The stock Palm Pre has an adequate but ho-hum 500MHz processor inside with 256MB of RAM. And even the Palm Pre Plus simply doubles the RAM. So how would the Pre run with a much faster processor? Now we know.
On modder overclocked his Pre (22.214.171.124 software) from 500 to 800MHz. He lost a good deal of battery life. And the phone persistently ran warm. Chances are that the phone may one day get so hot that it melts his Hanes to his hip.
But hey, marginally faster performance. You can't beat that. If you're interested, download the kernel update for 126.96.36.199 at the link. The 1.4 update is technically available as well, but the code isn't quite finished cooking yet. [PreCentral via Palm News Daily via Engadget]