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Originally Posted by KronoRed
CPU 1 will do fine for you, unless 2 is only slightly more expensive.
Don't go near a P4, overpriced and it performs worse 
Good forum for stuff like this http://forums.anandtech.com/
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Lot's of entry level PCs are being sold with P4s, aren't they? That's what I have at home, and it was cheap and works fine for me. But, I'm pretty low end, so I'd say it must depend on what one is doing with it, right?