<< The cpu doesn't "hit the high fsb", your memory/fsb bus does >>
True, but an increase in fsb obviously affects the speed the processor is running (assuming you don't lower the multiplier). I'm sure that's what he meant.
<< I always thought that how high your fsb can go is also dependent on the processor >>
Your fsb is going to depend on what your motherboard allows. Whether your processor can handle the increase is a different story.