the motherboard will not let ANY of the ram run @ 1200 ...... thats precisely my point
when you put 1200 ram into a motherboard with an E8500 the ram will automatically be UNDERclocked by your motherboard down to 667
if you overclocked the CPU you (depending on how high) then your ram would step up to 800 or higher depending on how far you OC the CPU.......
but there is NO circumstance where you could overclock that CPU high enough to exceed 1066
so no matter what you put in there........ if you put 1333 ram in there......... the highest it could ever be read with that CPU is 1066
at $300 for 1200 (your quoted price for 8G) that you could never reach vs $150 for 1066 (newegg prices at a glance for 8G) why would you possibly want to waste $150
if hadnt mentioned you were interested in OC I would have even told you anything more than 800 would be a waste....... but since theres a SLIM chance you might break 800 if you OC then you should get the 1066
let me try to break it down so I can maybe be a bit more helpful

E8500
currently 3.16G FSB 333 correlates to 667 ram
OC example 3.8G FSB 400 correlates to 800 ram
OC example 4.2G (about the highest out there) FSB 442 correlates to 1066 ram
OC example 5G (not possible) FSB 533 (not possible) correlates to 1066 ram
so you see in the last example that in order to use anything higher than 1066 ram youd have to overclock higher than is physically possible by that chip