As above it can passive cool a Q6600 at 3.4GHz from what I've seen. The fan it comes with is awesome too, you wouldn't hear it for trying anyway.
Expensive but very good. As TAKTAK says you really should consider the TRUE at that sort of price, but the TRUE does prefer a faster fan.
The normal ninja will cool at 3.4GHz with an fan quite happily, probably more in an antec 900.