My two-cents may not be worth too much here. I haven't upgraded to I7 or I5 yet. But I checked the Intel specifications for the I7-800 LGA1156 cores. The TCASE-MAX at full-throttle 95W power is just shy of 73C.
From looking at the OP's and other posts here, it appears there are still sensors for the individual cores (he mentions "temps" plural) -- which may (or may not) exceed any given TCASE value. At one time, the rule-of-thumb was core temperatures about 10C above any given TCASE, but I had seen this vary (and even not reliably measurable with some Wolfdale cores).
So while Rubycon is probably correct (and who am I to talk -- for not having an I5 or I7 system?) that the temperatures are nowhere near "dangerous," I'd monitor the old legacy TCASE sensor at LinX or Linpack loads, and limit my over-clocking to just above TCASE = 70C with a room-ambient controlled at 80F degrees.
And that would be my scenario with a high-end heatpipe cooler like Megahalem. I probably wouldn't want the actual VCORE to exceed . . . something in the range 1.30 to 1.35V.
If I seem full of hot air, I haven't been to the forums for a few weeks, and just thought I'd sound off a bit.