QPI should be under 1.35 supposedly according to Intel. But I believe you can go a lot higher.
I'm really irresponsible when it comes to this, and so I lost all my bookmarks (grr for organization) on this, but I did research on Patriot, Corsair, and G-Skill forums. The new chips that claim like DDR3-2000 9-9-9 (they're mostly $200 for 6gb sets.. so performance, but not extreme performance chips), are they Elpida BBSEs or something? I'm not sure... but they seem to require higher QPI voltages.
I have seen recommendations up to 1.68v on Patriot's forum. The G-skill guy recommended 1.6 for me. I can't even tell you what I run at because I already forgot, but I tried sticking to the 1.35 rule for the lognest time and I almost RMAed 2 sets thinking they all suck. Then I went to like 1.45 or 1.47. I think I run around there. Wow. Flawless. To hit DDR-2000 though I need a little above 1.50 that's for sure.
Quite honestly QPI isn't what kills CPU. The early "omg my cpu is dying due to high voltages on my RAM" was VDimm. That's why they recommend 1.85v or so as your max. You can possibly push a little more, but anything more is a little dangerous. VDimm is the one you really want to be careful about. I was scared for the longest time about QPI, but many chips will NOT run properly if you stick to the 1.35 rule.
The reason the 1.35 rule was kinda out there was because of the whole "keep your QPI within 0.5 of your Vdimm." With a 1.85 max, 1.35 should be your QPI setting... I think that's how it came about...
Edit: Did a lot of digging to pad my bookmarks and references just in case people were wondering, but here's the link with a LOT of good information:
http://forums.tweaktown.com/gigabyte/33454-post-i7-core-temps-here-5.html#post312297