Since it uses DDR3 I would say no.
The DDR2 memory controlled was replaced or upgraded tot he new DDR3 memory controller
AM3 CPUs had both DDR2 and DDR3 memory controllers on board. I very seriously doubt there's a DDR2 controller on board, since none of the Llano sockets seem to use DDR2.
Also, overvolting the memory controller on Llano probably isn't very necessary at the moment. Running DDR3 2133 shouldn't take too much more voltage than DDR3 1866, and as far as I know Llano runs DDR3 1866 by default. I also don't know of any 1.5v RAM that runs at speeds above DDR3 2133 at stock.
Llano with decent cooling and DDR3 2133 will probably make a killer combo, honestly. Something as cheap as a Hyper 212+ can generally take a CPU to its practical limits, as far as overclocking is concerned.
I wouldn't be surprised if most Llano-based CPUs can run at 4.0+ GHz. It wasn't that uncommon for 45nm K10s to hit 4.0 GHz, so I can definitely see them managing it with a die shrink. The GPU can hopefully be overclocked as well.