CPU recommends 1.5V, Memory is 1.6V

I've got 8GB (2 x 4GB)  memory that operates at 1.6V and a CPU that reccomends a maximum of 1.5V.

Should It be fine, Do I need to change something, Or will it not work?

If you need more details, this is what I'm putting together.

http://pcpartpicker.com/user/hotcubcar/saved/23V1

thats the cpu voltage that it recommends to be at 1.5 V right not the ram volatge. becuase the ram and cpu have different power consumptions.

WRONG.

1.5v is the most common voltage for most ram. Higher speed / OC'd ram usually comes in somewhere between 1.55 and 1.65v. The only CPU I know of going up to 1.5v is the 8350, and that's OC'd. 

You can set the XMP profile in the BIOS settings this will allow you to run 1.6v DIMMs on the internal memory controller without it defaulting anything.

You can take a Sandy Bridge CPU up to 1.55V.

Some cpus will work with higher voltage ram, but it can also be dependant on your mobo & cpu configuration.

What do you have?

You should be fine, but it will put a little more strain on your CPU just like overclocking it would do. "Overclocked" RAM like stuff that goes up to 2600mhz will often have a voltage of 1.65V and that still works fine with CPU's with a 1.5V limit. You just have to realize that you're working your CPU harder. Generally, more extreme systems are going to have an overclocked and overvolted CPU with overvolted and overclocked RAM as well.

what shitstorm hath i brought upon this thread?

You are fine. I've been up to 1.75V before on my memory, when benching it. Really, you should be more worried about frying your DIMMs than the recommended memory voltage. Anything 1.65 and below is prefectly fine for 24/7 use.