Probably not for an AMD system, since most existing mobos can't reliably hit even DDR400 synchronously (200MHz FSB), much less DDR434 (217MHz).
P4 is a different animal though, and doesn't suffer the performance penalties that can be seen on an Athlon system. A P4 can also benefit from the asynchronous memory bandwidth. Thugsrook or one of those other P4/Corsair OC'ing gurus would probably be able to give you a more definitive answer, or you could do a search over in CPU/OC'ing for one of his XMS shootouts.
Chiz