Lost in a P4PE

Okay. I'm building my first computer, and I've just finally settled on a platform:

ASUS P4PE Mboard
Intel 845PE chipset
Pentium 4 2.4GHz 533FSB

The only thing I find confusing right now is all the optional features on the P4PE chipset. They are:

-audio-
ADI1980 6 Channel CODIC

-ports-
RJ45
Audio I/O

-connectors-
S/PDIF out connector/module
Front audio panel connector
Game/MIDI connector

-general-
RAID
Flexible Serial ATA
LAN Onboard (1000Mbps Ethernet)
IEEE 1394

-misc-
InterVideo WinCinema

I want to create a multimedia powerhouse. I want to record and mix multitrack audio, edit digital video, stream live audio/video (radio, tv, surf cams), photoshop, etc.

Do I need all these options? Is RAID necessary now that there is "crash free BIOS?" Is the integrated sound good enough or do I need to invest in a sound card (or an interface like pro-tools)?

Any light that can be shed on these subjects for me would be greatly appreciated, cuz I'm truly in the dark. Much thanks!

he who hesitates misses out on the cake.

Man!! You're throwing me off!!!
Why is the Abit better?
I'm looking it up.

he who hesitates misses out on the cake.

For what i have see there mothersboards gain more power when overclock even if you dont overclock that a thing that may change when you will see your systemes lacking of power.Personaly overclocking a P4 is risk free

Now what to do??