Upgrading 3 Year Old System

So I'm looking to upgrade my 3 and a half year old alienware and would appreciate some advice.
The system currently has a P4 3.2 ghz, Abit AAXE and 7600gt. Video card, while needing a fix right now I'm not so worried about.
The upgrades will obviously require me purchase new memory and I'd like a new PSU to go with it, I'm basically looking at a budget of not much more then $500
In the end it will be a "decent" gaming system probably meant for the soon to come Warhammer Online and anything else that comes along and grabs my attention.

At the Moment I'm pretty convinced that I'll be going with the

E8400 Wolfdale 3.0GHz

The Mobo is the biggest issue I'm having an issue making a decision on. I've decided against any of the nforce stuff with all the apparent issues. I'm currently considering the

ASUS P5K EPU LGA 775 Intel P35

It seems to have all the features that are there but not necessarily needed(2 PCI-E, 1600/1333 FSB, etc.) for a decent price tag. I've done bits and pieces of reading here and no one has recommended it. Am I missing something?

Is also a thought too, so many damned different Mobos without much difference in specs it honestly a bit confusing.

Any other suggestions?
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More about upgrading year system
  1. -Gigabyte GA-EP35-DS3L $89.99
    Ultra Durable 2 & Dynamic Energy Saver is a great budget MOBO, even if not on a budget. 1600(OC)/1333MHz FSB

    -CORSAIR XMS2 2GB (2 x 1GB) 240-Pin DDR2 SDRAM DDR2 800 (PC2 6400) Dual Channel Kit Desktop Memory $31.00 (after mail in rebate, $56.00 before)

    -PC Power & Cooling Silencer 610 EPS12V $104.99 http://www.newegg.com/Product/Product.aspx?Item=N82E16817703005
  2. thanks for input. was told I'd be better off with 4gb of ram, was lookin at the corsair dominator pack.

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