At this year's Northwest Tea Festival, I taught an advanced class on caffeine. Two interesting things I discovered when researching the topic were:
1) The physiological effects of "caffiene" often don't come from caffeine but from other related compounds. These compounds are sometimes found in the tea leaf, and sometimes are produced when the body metabolizes caffeine. So if your heart races after you drink caffeine, you may be glad to know that it's more likely racing because the caffeine has been broken down into other methylxanthines that affect heart rate far more than caffeine does.
2) Caffeine is not only a central nervous system stimulant. It has other depressant-like effects as well, just not as strong. However, the more caffeine intake you've got, the more your body adjusts. And the human body can, generally, adjust to the point that the stimulant effects are overpowered by the depressant effects. At that point, the person is considered to have "total caffeine tolerance" and it will no longer act as a stimulant as long as average daily intake stays about the same.
I also talked a little about psychosomatic effects. The basics of how your thoughts and beliefs about caffeine and what you think they do in your body are covered in a blog post I wrote last year:
http://www.teageek.net/blog/?p=55