OK I ordered the AMD Athlon 64 X2 4000+ (the one with 1 MB Cache).
I have Hardrive (non-sata but will upgrade that later), Sounds Card (Audigy Pro Gamer still doing great), a case (Antec Sonota II w/450 w PSU), a DVD Burner, and a Monitor (Sceptre X20 20.1" Widescreen LCD)
All I do is game and light online stuff. I will most likely want to upgrade the memory and vid card in a year or two and hopefully make the PC last 4-5 years like my current box has.
So no I don't need to have my games run all out.. they just need to run and be playable.
Now I need to get a Motherboard, Memory and Video Card for $400.