Has anyone here successfully overclocked their Droid?

My old Droid seems really sluggish, so I’d like to overclock it to 800MHz, up from the factory-set 550MHz. I’ve read through some of the guides, but they seem to all be in techie-speak. I’m a computer science major, yet their guides seem very complicated.

Have you successfully overclocked your Droid? Is there a step-by-step guide out there somewhere? Even using Nandroid backup seems a bit complex.