As long as it has 128, RAM shouldnt be an issue. And speed of the processor has next to nothing to do with network transfer speed. The new drives should work fine with an old machine--it is the software that must overcome the 137GB barrier, and any newer install of Linux will. The only place I can foresee trouble would be in standards--for example, if the board is ATA66, and the drive is ATA133. They should still work fine, it just might slow the drive down some. But since the network still wouldnt be able to transfer data as fast as the HDD could write it, it wouldnt matter. If it bugs you anyways, get an PCI IDE controller and drop it in the box. It should still be cheaper than building a box from scratch.
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"Good people do not need laws to tell them to act responsibly, while bad people will find a way around the laws."
--Plato
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