Sorry guys,
I just wrapped up a major presentation for a prospective client, and this was after two days of dull conferences where nothing is ever achieved. 72 hours of work with six hours of sleep in between.
Anyway.
bass: all processors have a single speed specification, not a range. example: A 'Pentium III 500-1.13 GHz' actually means a lot of processors. A PIII can be 500, 550, 600, 650, 700, 733, and so on. the older ones upto 700 or so MHz run on 100 FSB, the newer ones upto 1.13 GHz are on 133 FSB.
FSB is the rated Front Side Bus speed, the higher the better. Most modern processors run on 133 FSB. Don't believe AMD's 266 or P4's 533. That's all shite. All of 'em are 133.
Your motherboard is a terrible one. It is upgradeable in a sense but it's really bargain-basement, all PCChips motherboards are the stuff you find in Wal-Mart stores. NOT recommended for DAW applications.
If you're stuck with it, though, there's really no way out. Just stick in the fastest PIII you can afford (933 is a good balance between price and performance) and run with it till you can afford to upgrade and throw out the system.
A Celeron 466 was cutting edge technology when I moved to this city, about two years ago. It's good for nothing except scrap heap now. You could probably use a machine like that for typing Word documents or surfing the 'net but as a DAW it would be absolutely crappy.
I think you're being taken for a ride. How much are you paying for the system? What is the soundcard you're going to be using? that's a very critical part of a DAW.
OK sorry I read you were given some stuff. Think about wheteher you need to go in for a DAW now. If you're not going to be doing any audio work on this computer you should actually be fine but you will feel the need to change over to a proper computer later. This would be a stopgap solution.