What price and performance level are you looking for. What will you be using this computer for?
Semprons do overclock very well. The 2200+ OC's to 2.0Ghz on stock cooling without problems for everyone I've seen post. I would guess they could be pushed further.
One thing to remember , is the fact that Sempron's rating scheme is not the same as Athlon XP, they are supposed to be about equal to the new Celeron D's ratings in Mhz. In reality they are even better than that though.
By far the best price/performance CPU out there is the Sempron 3100+. When overclocked to 2.5Ghz it outperforms a P4 3.4Ghz by and average of 5%. Of course it is also socket 754 and an Nforce3 250GB chipset so that has to be taken into consideration, but the cooling they were using was subpar for overclocking. It is really quite impressive.
http://www.xbitlabs.com/articles/cpu...n-3100-oc.html