Yes, that is with the True.
Burn should be able to overtake me in this benchmark as he's watercooling. I'm not going to be able to go much higher and keep the system stable for the almost 3 minutes of intense heat. He should be able to get close to 4.5 to 4.6GHz for a short run.
Done properly I think the i7 benefits a lot from water cooling. It's just that most people try to cheap out thinking any water cooling system will be superior to air. I have water-cooled before, but I just don't like the hassle of dealing with the hoses and water everytime I want to change or try something new.