Building a media pc

Since the faggoty mods at /g/ deleted my thread, I guess it qualified as a help question. Anyway, I'm looking to building a media pc, specifially for playing anime, music, dvd rips, etc.

I'm looking for suggestions; what hardware do you prefer? OS? Software? Overall setup?

I currently have a regular CRT television, but I'm thinking of ditching it for a LCD monitor.

All comments are welcome, thanks.

>>1
Celeron 1.2ghz, socket 486 on a halfsize motherboard with 1 agp slot and 2 expansion slots, onboard ethernet.

Grab 512mb PC133 ram, a Radeon All-In-Wonder (MUST have TV in, MUST have S-Video out, SHOULD have DVI out), a Sound Blaster Audigy, and a good DVD-CD reader/writer, at least 100gb hard disk, cram it all into a shortbox mini-case, and run a pirated version of Windows XP.

You should not pay more than $300 for the entire computer or you are getting ripped off.