Well, it depends. If he really means K7T Pro2-A, then no - he can only run the FSB at 100 MHz, meaning he's limited in what he can use. My friend has this board and I could've sworn that a 1.2 GHz chip was the limit (12x multiplier tops), but, MSI's site is confusing. They claim a 1.3 GHz Duron won't work in it (13x100), but that 1.3 and 1.4 GHz T-birds (13x100 & 14x100) WILL. Zuh? It either has support for a 13x/14x multiplier or it doesn't! Sheesh.
However, if he means K7T266 Pro2-A, which is a different beast entirely, then the situation changes. Then he can use pretty much any processor with a 100/133 MHz FSB. I can't determine it from your description reicherb because the K7T Pro2-A has a VT82C686B Chipset, while the K7T266 Pro2-A has VT8233A Chipset - you said it was VT8366A.
Edit: just confirmed with my friend that he can only go up to 12.5x on the multiplier, so, 1.2 GHz is the highest you can officially go on the regular K7T Pro2-A.