You should never think about overclocking only from a CPU perspective.
Overclocking normally involves going into the BIOS and changing the voltage/bus speed of the CPU socket.
But you don't get something for nothing.
The possible negative affects are:
Instability of the CPU.
Increase in the heat generated by the CPU leading to other components overheating and failing.
Worst case, frying the CPU.
You can try to overcome these by making sure you have 1)excellent cooling - good case fans and CPU fans, 2) good PSU - running the CPU at a higher setting increases the draw on a PSU and increases the systems susceptability to problems due to PSU fluctuations.
I suspect that anyone taking a 1.8 ghz and running it at twice its rated speed is a) lucky and b) is using liguid cooling, which is expensive.
You have to ask yourself why you want this. You certainly don't need it for surfing the net or doing office tasks. If you are a gamer, you are better off investing in a better video card and more ram, that will make a bigger impact than the CPU - at least until Vista DX10 games come out.
Dell is not a system I would chose to overclock. The cases typically don't have great airflow or great PSUs.
James