The ethernet chip won't be affected by overclocking but it is affected by running a lot of peripherals and streaming 1080p movies, and earlier versions get very hot due to a design flaw...not everyone has the later version.
Have a look here for temperatures of a stock RasPi with no case
http://raspberrypi.stackexchange.com/que...components
Those temperatures are already quite high and they rise dramatically when you enclose the Pi in a case, and even a relatively light overclock will raise the temperatures to their maximum design limits.
I tested my temperatures with the Pi in a case using a Fluke multimeter. With no overclock/overvolt, the CPU/RAM and the USB/Ethernet chips (at idle) were 64 degC and 59 degC respectively. At a 1000/500/500/6 overclock, streaming HD video, the CPU temp rose to 95 deg before it crashed and the ethernet chip was at 80 degrees, which is at the limit of its design spec and at that temperature it should have a heatsink.
I now have heatsinks on the CPU, the Ethernet and the voltage regulator, and I have a small fan on the case. The CPU now idles at 34 deg and maxes out at 52.
There's no point trying to convince me that (my) RasPi doesn't need heat sinks, because I've checked its temperatures and to keep the CPU within design temps, it needs a heatsink, and without a heatsink, the ethernet chip is at the very limit of its spec, and those temperatures were measured with a relatively low ambient temperature and will no doubt rise when the ambient rises.