Thanks for the replies so far guys, I really appreciate it. I'm checking out your recommendations as we speak. I'm not going to do any massive overclocking, probably try to set it at about 2.6-2.8Ghz with the intel heatsink/fan. I know this is not the greatest heatsink/fan, but I've heard it will do the job fine for someone on a budget.
Is it ok to leave it set at 2.6-2.8 24 hours/day? I will make sure to have good airflow throughout the case. I know having a decent powersupply helps with stablility too.