AMD or INTEL?? Please Comment!!

I have decided to upgrade my computer. At first I was sold on the AMD XP Processors and was going to get a 1600 AGOIA Chip from Newegg for $53 but they sold out. I started looking at P4's and I saw a 1.8A ghz on New Egg for $138 and people say they can easily overclock it 2.4 and some to 2.8!! For a comparable XP Processor the XP2200 would cost $155 and I don't think that it can overclock as well as the 1.8a. If you think that I am making a mistake please tell me and give me suggestions to a Processor, Motherboard, and Memory you would purchase if you were me. Keep in mind that the motherboard should be able to run what I am looking at...don't need the best thing and if there is something better coming out soon please tell me. I am pretty educated on AMD since I have been looking at them for a while but I don't know much about Intel's motherboards or Memory. Your input would be greatly appreciated. Thanks!!