Well, I managed to get the 168V to work with my NG board just fine.
That was pretty satisfying actually, since it was the first time I have attempted to burn the bootloader and the first time I have tried to use my USBtinyISP kit.
Now I know how people can get so excited over getting that LED to flash.

For the record, the fuses I used were:
Low: 0xFF High: 0xDF Extended: 0x00
I found the e-textile page very helpful for getting a better idea of setting fuses for low power
http://www.cs.colorado.edu/~buechley/e-textile_kit/e-textile_kit_tech.htmlslanbuas, I encourage you to give it a try, the 168V looks pretty good for low power use. If you look at the datasheet, a 168V
running at 1Mhz uses only .55 mA, compare that to the
idle current of the standard Arduino at 20ma - not bad!