You might want to stay away from Asus, they've recently begun spreading anti-Linux propaganda and I've seen a few reports of shoddy hardware.
I can't really recommend a processor either way (haven't bought any Intel ones recently except an Atom), but pretty much anything will blow away that P4. I replaced mine with a Phenom II and it's both faster and cooler. You can get the same result with Intel if you're willing to spend a bit more.
My best advice would be to get as much RAM as the mobo will take. You don't gain much with DDR3 over DDR2, so either is fine.


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