It is correct most E8400's will overclock well, but all depends on what motherboard it is in.
Very simple set up is this (note this is not tweaked or anything special it will just get u the speed u want, but not the best vcore):
FSB @ 400
FSB to memory divider @ 1:1 if using 800mhz memory, if using faster memory, just make sure the divider used, dos'nt push the memory over stock speeds for now.
Save then exit the bios and reboot, see if it will boot up, and load windows, if not restart and go back into the bios, and up the vcore by 1 notch, and repeat until it boots up properly.
Then when u are in windows, make sure to run Prime95 (small fft test), or Intel burn test (standard test). Prime you will have to let run for quite some time, so if you use intel burn test, set it to run 20 times, if it passes on standard, then cpu is stable.
Prime blend and ibt max setting, will test everything, so after u get cpu stable, run the one of them, and see if memory and chipset is fine.
Once you have a stable overclock we can then talk about getting vcore lower.