MAME32: Windows binary w/ GUI. Its a variant of.....
....WMAME, or MAMEW, or Win32MAME = Windows binary, command line version, which is now the official default build for x86 PCs.
There is also DOSMAME, or DMAME, which is a real mode DOS version. This used to be the default build for x86 PCs.
Performance-wise, when DMAME was the office build, ppl preferred Win98, which supported real mode DOS drivers. Since the official primary build is MAMEW, most would prefer Windows XP due to better memory management and DIRECTX support (MAME utilizes DirectDraw, among other components). XP also scales better with higher-end systems than 98, ME, etc.
I run an Athlon 1400 w/ 256 mb RAM. I can load all games, including Strikers III, with MAME32.
If I were you, I'd go w/ 512 mb RAM, an Athlon proc (cheaper, more bang for the buck, and from what I undertstand, better suited for emulation due to a shorter instruction pipeline), DDR memory of some sort (333mhz works fine). Video and sound are not too important as long as your video chipset is somewhat newer (GeForce II or Radeon level).
Keep in mind cheaper on-board video solutions are often underpowered and eat memory bandwith - I'd stay away from them. I'm satisfied with my on-board sound, though.