Sure it will, get nothing less then 2ghz whatever celeron is. Im cathing that you wish to get you procured movies in your livingroom set. If thats so, then a DVD player that plays DVD, mpeg 4, mpeg2 files would be MUCH cheaper. RJtech makes good ones.
Now if you plannin to you encode divx, xvid, or mpeg2 files then stay away from the celerons.
<i><font color=red>Only an overclocker can make a computer into a convectional oven.</i></font color=red>
OH! XP-M's are cool and can make for quiet systems! But they also require you to actually set things in BIOS! That usually INCLUDES dropping the vCore if you want it to run at factory specs for ultimate coolness, since the VID pin assignments are a bit different.
<font color=blue>Only a place as big as the internet could be home to a hero as big as Crashman!</font color=blue>
<font color=red>Only a place as big as the internet could be home to an ego as large as Crashman's!</font color=red>
Go for an AMD XP-M...once you've started watching divX you will want to start encoding (Dr DivX is only USD 49) - and it would be nice if you could do more than one...
My AXP 2800+ generally chews through a 2 hour movie in about 2:10 (thats using a 2 pass encoding profile - hence the long time)
Its well worth doing