I overclocked my Droid to 1200mhz using Milestone Overclock (and Deprimed #20) yesterday (not the first time doing this on CM7 and Deprimed, but perhaps the first time doing it on CM7.0.3 and Deprimed#20).
The phone ran nicely, however, my wifi stopped working. The phone said it was on, yet it wouldn't detect any wireless networks. I wiped the cache to no avail, then tried reloading CM7.0.3 without Deprimed, but still no wifi. Then I wiped system, boot & cache and reloaded CM7.0.3 (without wiping data). Still nothing.
Finally I wiped the whole phone (system, boot, data & cache) and that finally restored my wifi.
I don't know what happened, but it was definitely triggered by OC'ing with Milestone Overclock.
Has anyone else had a similar issue?