Reply 20 of 22, by pixel_workbench
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If it was strictly for playing old games, then budget hardware is good. I got a P4 machine with the lame PC133 memory, a GF2MX and SB Live - a budget system even when it was new, but it runs most Win9x and late DOS games just fine.
But another part of this hobby is hardware appreciation, and there's nothing exciting about that budget system, compared to something that was high end and expensive when it was new, like a Geforce 8800gtx or a Core2 X6800.
One exception is overclocking and/or unlocking a budget component. A budget Celeron that overclocks by 50% or an AMD Athlon dual core that unlocks to a quad core Phenom II is impressive even for budget hardware.