The mini-ITX boards are superb - you don't realise how quiet no fans are vs "super-quiet-silent-mode-AthlonXP-cooler-fan...." You have to see something on screen or check the power lights to see if the thing is actually turned on (I run one with a compact flash card - no HD)
They are also ridiculously small. check out
http://www.mini-itx.com/ and look at projects to see people building functioning xp machines inside a NES or SNES or teddy bear etc..etc...
One thing to bear in mind - The speed of the processors DO NOT compare to equivalent speeds of a P4 or AthlonXP. i.e A 1gig Athlon XP would absolutely wipe the floor with the 1 gig Nehemiah or whatever. But then the Epia processors probably use around 1/20th of the power consumption. So I would take up the offer from Jakobud to run some MAME tests. There will be no problem I'm sure with any of the 'classics' but you may find performance is not too your liking. It depends what kind of games you want to play. 3d PC games are also a no-no....
Just my opinion all that though!