Get the 266MHz fsb chip!
Going along with what extreme2k said, if most 1200 TBirds are factory unlocked... and if 200 and 266MHz fsb chips are basically the "same" chip (according to him), get the 266MHz bus. Why? Well:
1) The problem mentioned by Anandtech in one of the recent articles (which IaPuP speaks of) relates to the bios of some motherboards initializing the CPU, upon bootup, at the DEFAULT muliplier of the chip. That means if you have a 1200MHz 100fsb TBird (12x100), that's unlocked, and you want to try and run it at 9x133 or something similar (to take advantage of the higher fsb), your motherboard is going to try to INITIALLY boot your system at 12x133 (12 being the default multiplier). This is only for about a second, before your current setting takes over.... but, will your system boot at 12x133=1600MHz even for a second? Chances are, no it won't.
2)"but be sure you don't have one of the boards mentioned in Anand's recent article about the KT133a "clocking issue" because that could complicate things. Basically KT7A and A7V133 are both good options."
You won't have to worry about this if your TBird's fsb is 266, because your default multiplier will be sufficiently low to allow bootup even with this limitation. Why limit yourself to certain motherboards if there's an easier way around it?
Guess that's all I have to say. Hope it made sense.