Sandy Bridge's improved memory controller has all but eliminated the need for extreme memory bandwidth, at least for this architecture. It's only when you get down to DDR3-1333 that you see a minor performance penalty. The sweet spot appears to be at DDR3-1600, where you will see a minor performance increase over DDR3-1333 with only a slight increase in cost. The performance increase gained by going up to DDR3-1866 or DDR3-2133 isn't nearly as pronounced.
A faster CPU will be far more useful than more memory performance for most applications. Outside of chasing ORB chart placement, memory is one of the components least likely to play a significant role in performance.
We also found that memory bandwidth does scale with CPU clock speed; however, it still doesn't translate into any meaningful real-world performance. The sweet spot still appears to be DDR3-1600. All of the extra performance gained by over-clocking almost certainly comes from the CPU overclock itself and not from the extra memory bandwidth.