The heatsink and fan over the chipset is a great addition, as well as the error code showing display. Make sure you got an updated power source (500 watt) on your system since this mobo has an 8 pin connector for cpu power. You will be happy with Seasonic, Corsair, Sparkle, and others. See the postings here on Power supply. There is some good info, but dated now unless it has been recently upgraded.
The Intel Socket 775, LGA 775 processor chip and socket , as you perhaps know by now, have no pinsl. Instead they merely have the electrical contacts where the pins (which are now built into the socket on the motherboard) will touch. While the lack of pins makes these chips much less fragile, the bottom of the processor should not be touched, as the contacts can be easily damaged.
It is extremely important that the processor be installed slowly, carefully and vertically into the socket, and removed the same way. Any careless handling will damage the pins, and may leave you with a useless motherboard. It pays to move slowly if you have not done such an install in the past.
Get the best one you can find with some Gurgle searches. They are not the most difficult to install, but different so it pays to be careful and go slowly using some pre-determined steps you will find in several locations on line.
You might, instead, want to get an EVGA board that will accept Core 2 Duo... but since you are price limited, you will be OK with any of the LGA 775 based on speed comparisons.
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