I would go for an AMD CPU over a P4.
Compared to AMD Processors the P4 runs hotter and is less efficient... In saying that I have had no trouble with my "Northwood" P4 2.4 Machine and also AMD did have their fair share of overheating problems frying CPU's and mobo's a while back. But in the present time AMD CPU's are so much better than anything in the P4 range.
My next PC will probably be a Dothan core P-M based machine. Mainly because these CPU's are quite efficient and run very cool, and hence very quiet. Pity socket479 desktop mainboards arent too common yet.
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