Pre-soaking/boiling is mainly just to leech out the tannins inside the wood. The tannins will discolor your water, but are otherwise harmless. Some have even said that tannins are an anti-fungal. So if thats true, then its actually beneficial.
Soaking/boiling also helps water log the wood so that it sinks rather than floats. If its still floating, you may need to weigh it down with something aquarium safe (a rock typically) for a few weeks until it stays down on its own.
The dark, tea-like water can be unpleasant for some people though, and it can take quite a while until its gone. I pre-soaked some driftwood for my 20 Long and its been in the aquarium for almost a year now. There is still a slight brown tint in the water.
If you're wanting to speed up this process, then Purigen in your filter seems to be the most highly praised way to go... though I dont have any personal experience with this. Ive also heard that carbon helps as well.