Umm I suppose the specs are ok.
It depends - what do you need the CPU for?
Whats your budget?
Does it have to be Intel?
Does it have to be a specific make / fit a specific MOBO?
For example -
You can get the Phenom II x 4 955 (Quad Core Processor) for $144.99 with free shipping at the moment from new egg.
Its stock is 3.2GHZ, but its the black edition and loves to be overclocked
you could get that up to probably around 4GHZ on stock cooling / air. with 6MB L3 Cache too.
Intel option - for $20 cheaper (inc shipping) you could perhaps get an intel core i3 3.2GHZ, new egg again.
The processor you picked has good specs for a 'CHEAP' processor, but $145 is not particularly cheap, and you will probably find better - answer my questions above and ill post back with more info if needed
NOTE: Just found your exact processor your looking at $20 cheaper on New egg at the moment, brand new, in stock, and Free shipping.