This looks like the "sweet spot" for a top performing chip to me. At 3.2 native, it should have plenty of overhead for overclocking.

My E8400 is getting a bit long in the tooth, I'm thinking this is a good replacement.

Any Sharks have an opinion on this?

I would put it on a ASUS P6T Deluxe V2 LGA 1366 mobo with CORSAIR DOMINATOR 6GB (3 x 2GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Triple Channel Kit Desktop Memory