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Looks like an good budget setup. The motherboard is nice even though it's a bit old, as it allows for upgrading to a 333mhz fsb cpu like the Athlon XP 2800+. If you want to play games, go for a better video card, the PoW GF4 Ti4200 64mb is good for a budget pc, and you can overclock it a lot as well. Remember, the MX series Geforce 4 cards are no faster than the ageing Geforce 2, which means almost unusable in todays games. It would be wise to wait a couple of weeks for the new Geforce FX to show up, as todays graphics card prices will drop a lot.
The most important thing is to make sure that the memory you are buying fits your motherboard, you need "PC2700 DDR-DIMM" or the cheaper but slower "PC2100 DDR-DIMM"
Also, remember that you need a heatsink for the cpu, otherwise it won't last long. It shouldn't be very expensive, something like 15$ I guess. Go for a silent one, as your cpu doesn't need a monster cooler.
Hope this helps!
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