Requesting Advice for Better Multimedia Production Preformance

As you can see, I have the low-end Northwood Pentium 4C 2.4GHz processor in my 865PE.  I'm doing a lot of digital video conversions and need advice on how to speed up some of the process.  I am only a hobbiest, not a professional, and don't have big bucks for the latest and greatest.  I was considering the following choices:
1.  Upgrade the CPU to a Prescott 3.4GHz (maybe the biggest bang for the buck?)
2.  Add another gig of dual channel memory (or going for more preformance type memory)
3.  Setting up a RAID 0 Array with two of my hard drives (makes me nervous, when one drive goes down, all data is lost)
4.  Save my upgrade dollars and look at 925X/915 Boards
5.  Look at AMD alternatives
Thank you in advance for your thoughts...
Marshall

Danny,
Thanks for the information.  The future does sound exciting!!  I'm certain over time the pricing on this stuff will go down but right now I would be looking at the following expenses for this solution:
New 955X Board                $219(ASUS) $299(MSI)
Pentium D 820 (2.8GHz)     $241
New DDRII Memory            $200
PCI Express 9600xt AIW     $182
Estimate of Upgrade Costs:  $842   to   $922
Being able to encode and transcode digital video a lot faster,  priceless....
Ok, I know I would be giving up a much faster dual core processor, SATA II, DDR2 (faster?) and PCI Express (faster?), but wouldn't I get some gradification with just a CPU upgrade which is 1/4 the cost of the upgrade?
Pentium® 4 Prescott 3.2GHz 800MHzFSB Socket 478 about $200.
Which do you feel gives the best price/performance ratio.

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    I have a live login and MS ID 4 my SkyDrive account but I only use my MS  touch with 8.1, SkyDrive and office 365 for mobility.
    And I still like to backup to my own server!!!
    What would be good is if I can put all the software licenses and product  keys of the software and keep a record of my mac addresses for  hardware  and even static IP's in a file or a secure location within the MS online  store.
    That's where MS wants me to get my computing needs from in future and I  will always be able to retrieve it in future but what about the $$$$$ I have  spent on software, hardware and applications prior to now???
    I know u guys love 2 collect data 4 marketing analysis,
    4 example I have an old PC that is still running a server from last century  - if you knew about it a simple script would allow you to offer upgrades or at  least relevant MS products - UNLIKE the rubbish adds I just turn off or tune out 
    now...
    Why cant I add products previous online email purchases into the 1 MS live  ID account where I can keep it together? If you make that available I don't have  to have separate steam accounts, EA game accounts, ASUS and adobe accounts etc 
    etc.
    What has brought me 2 this is I was looking for my office pro 2007 disks to  rebuild a HOME USE ONLY windows 7 laptop (NO touch screen so 8.1 is no benefit  at all)
    I HAVE 4 Genuine PRODUCT KEYs for Office 2007 BUT EVERY TIME I WENT TO  DOWNLOAD the software - regardless of the key I used - I got the error message:  We are sorry, but we are unable to complete your request.•The Office 2007  Product Key
    provided is already associated with another user on this site.  Please log in with the user information originally used with this Office 2007  Product Key.
    That's crap - This is a clean brand spanker install of Win7 and there was  nothing b4 I put the oem drivers from Toshiba back on.
    I looked at dozens of support pages and forum blogs and tried for hours to  get a copy to download - including incognito and other logins but because my  default PC name is also my MS Windows live ID the same error was repeated.
    I keep away from the non MS sites for these things and with good reason -  there were heaps of similar users with the same issue or very close to it that  had downloaded from a supposed MS copy from eValue or digital river etc and the  next
    thing was total corruption of the OS.
    EVENTUALLY I found a LIVE MS chat on a support site in the US and she gave  me a link to a slightly older version which will need updating and some reg edit  changes but so far, so good.
    The point is - what a crock !
    I should be able to just keep all my software, drivers, updates, service  packs, and versions that I have upgraded in the MS store.
    If Microsoft aren't going to support XP or Office 2003 and eventually 2007,  vista & Windows7 not far behind??? then that's still no excuse for them to  put these restrictions and limits when I OWN my copy of the software!!
    Unlike office 365 and SkyDrive space which is described in the T&C  (that we all read before ticking that radial button to agree of course) as ONLY  under a leased licence.
    IF Microsoft can support AND develop software that supports SQL2000  Servers, why is it so hard to archive and keep the same info for  everyone???

    Over the years I have had many ISP and email addresses - but now we have  finally gone almost fully virtual...
    I have a live login and MS ID 4 my SkyDrive account but I only use my MS  touch with 8.1, SkyDrive and office 365 for mobility.
    And I still like to backup to my own server!!!
    What would be good is if I can put all the software licenses and product  keys of the software and keep a record of my mac addresses for  hardware  and even static IP's in a file or a secure location within the MS online  store.
    That's where MS wants me to get my computing needs from in future and I  will always be able to retrieve it in future but what about the $$$$$ I have  spent on software, hardware and applications prior to now???
    I know u guys love 2 collect data 4 marketing analysis,
    4 example I have an old PC that is still running a server from last century  - if you knew about it a simple script would allow you to offer upgrades or at  least relevant MS products - UNLIKE the rubbish adds I just turn off or tune out 
    now...
    Why cant I add products previous online email purchases into the 1 MS live  ID account where I can keep it together? If you make that available I don't have  to have separate steam accounts, EA game accounts, ASUS and adobe accounts etc 
    etc.
    What has brought me 2 this is I was looking for my office pro 2007 disks to  rebuild a HOME USE ONLY windows 7 laptop (NO touch screen so 8.1 is no benefit  at all)
    I HAVE 4 Genuine PRODUCT KEYs for Office 2007 BUT EVERY TIME I WENT TO  DOWNLOAD the software - regardless of the key I used - I got the error message:  We are sorry, but we are unable to complete your request.•The Office 2007  Product Key
    provided is already associated with another user on this site.  Please log in with the user information originally used with this Office 2007  Product Key.
    That's crap - This is a clean brand spanker install of Win7 and there was  nothing b4 I put the oem drivers from Toshiba back on.
    I looked at dozens of support pages and forum blogs and tried for hours to  get a copy to download - including incognito and other logins but because my  default PC name is also my MS Windows live ID the same error was repeated.
    I keep away from the non MS sites for these things and with good reason -  there were heaps of similar users with the same issue or very close to it that  had downloaded from a supposed MS copy from eValue or digital river etc and the  next
    thing was total corruption of the OS.
    EVENTUALLY I found a LIVE MS chat on a support site in the US and she gave  me a link to a slightly older version which will need updating and some reg edit  changes but so far, so good.
    The point is - what a crock !
    I should be able to just keep all my software, drivers, updates, service  packs, and versions that I have upgraded in the MS store.
    If Microsoft aren't going to support XP or Office 2003 and eventually 2007,  vista & Windows7 not far behind??? then that's still no excuse for them to  put these restrictions and limits when I OWN my copy of the software!!
    Unlike office 365 and SkyDrive space which is described in the T&C  (that we all read before ticking that radial button to agree of course) as ONLY  under a leased licence.
    IF Microsoft can support AND develop software that supports SQL2000  Servers, why is it so hard to archive and keep the same info for  everyone???

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