There have been plenty of people over the years complaining after 1-2 years of running high voltages of BSODs and having to turn down their overclock to get stability, etc.
Heat also tends to be bad for EM.
EDIT: The datasheet for this processor does note 1.52V max with the notation "Long term reliability cannot be assured in conditions above or below Max/Min functional limits.".
yep its voltage degradation. Motherboard manufacturers wont care as they just need to make it to the year warranty. Plus most chips can degrade and still meet stock speeds.