Hello:
My two variations on a node:
Athlon XP 2100+ (T'Bred 'B'): $67
Chaintech 7NIF2-Summit (nForce2 IGP): $89
(2) Crucial PC3200 128MB ($30 each): $60
Fortron P300XFPN 300watt PS: $27
Seagate 40GB 7200RPM 2MB cache HD: $61
Speeze FalconRock aluminum HS w/copper "plug" and 26.5dBa 80mm fan: $9
shipping to Massachusetts: $10 (gotta luv New Egg!)
Total: $313
The northbridge fan would have to be dealt with...
IMO, if you are springing for an nForce2 motherboard, use both memory channels -- hence the two sticks of PC3200 RAM. The T'Bred 'B' runs cooler even than the T'Bred, and so, you could easily get to 2500+ range, and probably 2700+ or so on stock voltage.
Athlon XP 1700+ (T'Bred): $42
AsRock K7-VM2 Via KT266 w/ ProSavage8 video
Crucial PC3200 128MB: $30
Maxtor 30GB 7200RPM 2MB cache HD: $54
Sparkle ATX-250GT 250watt PS (undervolt the fan): $17
Speeze FalconRock aluminum HS w/copper "plug" and 26.5dBa 80mm fan: $9
shipping to Massachusetts: $16
Total: $219
Passive northbrdge, super low price -- Wow!
[Edit]: The other big savings if you can boot from floppies/CD-ROM/network is
less noise! 
Of course, a network boot requires that the on-board NIC support it...