Excellent choice for a cpu. You can overclock a 3200+ to a 3500+, I believe. It should handle moderate gaming and other multimedia tasks. Go for a ATI x850xt or a nVIDIA 7600gt. If you're on a budget a nVIDIA 6600gt should do you justice.
Edit: That cpu is AM2 socket. You need an AM2 mobo to work with that.
Yeah but it's not a high end AMD.. only $99.. not a big deal. I only build a mid-range computer because of the new intels on the horizon. Didn't want to splurge on a high end AMD system just to have it whiped by an intel system that only costs a fraction..