My processor comes sometime on Tuesday, though it is a new build, so I have no intentions of overclocking first thing....
Bulldozer and Llano have two core connections, one is being manufactured on GF 32nm, the other is being designed by AMD, that said, their architectures are severely different from one another. That said, I agree that they may not have as much overclocking headroom as predicted, not because of the base architecture, but because of GF manufacturing, that is, I believe that whatever potential these chips could reach, is limited by the involvement of GF.
It will be interesting to see what additional processors will be released on the FM1 platform before it is retired. I have no pretensions that 'piledriver' or 'trinity' will make it to market anytime soon, so I expect to see additional refreshes in both the am3+ bulldozer and fm1 llano or athlon processors..........
I'm expecting to see up to ~<=4ghz overclocks somewhat regularly, but I think it likely this chip is going to have some trouble reaching over the 4ghz barrier.