My Phenom gets up to 62 C and I don't think that is too high. 70 c would really be pushing it, but I don't see any problems with this temp. I looked around the net for some safe temps and they go as far as 55 to like upper 70s. I don't trust the upper 70 ones, but I still think that in the 60s isn't too bad.
EDIT: I found some documentation from AMD stating that 61 degrees is max safe temp. Now I assume that AMD has some pretty good engineering so some safety factor must be involved. I assume that anything in the high 70s to 80s is really bad and will shorten the processors life significantly. Anything below that should be fine I would say, but still degrade the life of the chip from say 10 years to 7 or 8 years.