Will this work WELL?

I'd like to move my current computor to my living room and use it as a dvd player/stereo/audio-out for my TV.

I have a 1.33 tbird 700mb ram, SB live audio. I'll be building a new primary computor. I currently have GF4 4400 with tv out but I dont want to use that card. I'm on a moderate buget. Say no more than 400 for whole deal.

First of all will this work?
What video card?
what speakers?
New audio card?
Can I use my TV as monitor?
Any mouse/keyboards work wireless at 10-15ft.?

Thanks in advance.
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More about will work well
  1. why you don't buy a home dvd player? this might be more simple.
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