yeh suppose, but try and get a video card as soon as possible. What do you actually use your comp for, e.g music, msn, gaming. Because if you are a gamer then i stronlgy recomed a mobo, video card and maybe another 512mb of ram.
Also remember when you get your new mopbo, make sure it is compatible with your type of ram.
Intel pentium 4 3.20Ghz
2GB PC2700 333MHz RAM
Seagate 160GB HDD
Giga-Byte GA-8S648FX Titan
Logitech Z-5500 5.1 Speakers
ATI Radeon 9800XE 256MB GFX
Superflower SF-702T1-S ATX Case / 500W PSU