Breaking off the BSEL0 pin poses no danger at all, the result is the same as if you had a Celeron 950 except possibly the lower voltage.
Just keep in mind that once you break off that pin, it won't run at 66MHz anymore unless you have a motherboard or slotket you can manually set to 66MHz FSB. In other words, if it can't run at 100MHz FSB, you installed it into a motherboard with BIOS soft-menu overclocking/FSB settings instead of jumpers for FSB, it won't post that first time because the board is detecting it's a 100MHz FSB CPU. On the other hand, with such boards it is sometimes possible to install another CPU, manually set the FSB to 66MHz, save the settings, then turn off the system and install the CPU. This would be a bad situation to be in though, needing a second CPU if you even needed to clear the CMOS or the battery dies, and can vary based on the manufacturer's BIOS feature, setup. You'd have to check the board to see what actually applies in specific situations, specific boards, especially OEM boards.
If you can solder, there'd also be the option of soldering the socket to regain the 66MHz setting, by simply connecting the BSEL0 and BSEL1 socket pins on the back of the board, though it's a PITA to pull a board from an already-working system.
I doubt it'll even POST though, the cB0 CPUs I had in the past needed at least 1.75V to go >800MHz.