Hey guys,
I updated it with your suggestions ekÆsine, and what I added was a SATA 80gb hard drive(SAMSUNG - SP0812C), and changed the case to a $49 case with a 420watt power supply(RAIDMAX Black 10-bay Case with 420W Power Supply, Model "ATX-868WBP").
I'm going to stay with the Intel/P4 mobo and processor though.
Any more input is greatly appreciated...thanks again!
-Rick