Cheap desktop recommendation(s)

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How hard is it to transplant a older computer to a better case,

My friend has:

a intel P3 processer, of unknown speeds, we estimate about 1.6-2.0ghz
a decent motherboard
some wierd voodoo(never heard of it) gfx card
some odd ball sound card
a floppy/cd drive, also some usb ports
little less then half a gig of RAM
monitor/mouse/keyboard
a few HDD's like 2-3(they're all like 15-30gigs ea)
win xp installed
a warped case that is missing some drive slots (cd drive/floppy drive are outside the case)

he only wants 40USD, which seems like a bargain, it has some useful parts.

what do you think?