"Faster"
Being able to play 2000 games at good quality means you need at least a high-end late 2000 build, or - better, cheaper, easier to find - a mid-range 2001/2002 build.
That means you're looking for an (early) P4 / Athlon or if you really want P3, a Tualatin P3. Which is best depends on how much you want to cover with the system:
- P4 chipsets don't have native ISA support, so DOS is not (easily, fully) an option. However they are probably the cheapest of the lot, they use ATX12V power supply so can run optimally on modern PSUs. Also no issues with SBLive compatibility (unless you choose a board with Via chipset - don't, take an Intel i845 or i850 instead).
- Athlon chipsets support ISA, but you'll only find it on the oldest motherboards, usually only with 100MHz FSB support. An Athlon Thunderbird 1200B-1400B would however be more than powerful enough to support games from 2000. Here power supply can be more interesting - the Athlon CPUs draw quite a lot of power, and do it from the 5V line. Particularly if going for a Thunderbird 1400 you need to have a beefy 5V line. Another potential issue is the fragile, exposed Athlon cores. They chip easily, particularly when mounting heavy heatsinks (which are a good idea to keep temps low without needing hearing protection).
- Tualatin is arguably the most elegant of the lot, but also the most expensive. The CPUs themselves aren't too bad, but motherboards with Tualatin support are hard to find and command a hefty premium. They are however potentially the best bet for native ISA support without compromises. "Just" look for something with Via 694T (ApolloPro133T) chipset. Of course you then hit the Via 686B southbridge with its SBLive incompatibility. Nothing's perfect.
In all cases, the early 2000's were peak capacitor plague era. Assume whatever you get the caps will be dead or dying, unless already replaced. Some brands were so notoriously bad that all would have died long ago (Abit, Epox, MSI), but others are only now starting to fail (Asus, Gigabyte). In fact a board sold as dead with clearly visible bad caps is probably your best choice, as it will be cheap(er) and you can be fairly confident it will work after replacing those dead caps.
As for the rest of the system, it's a matter of taste, but I like GeForce3 or 4Ti GPUs. Radeon 9700/9800 will be faster, but they ran hot, so chances of duds are much higher, same with the GeForce FX. Radeon 8500/9500/9600 would also be a good pairing. DX9 support isn't really that relevant, games from 2000 (DX7 era) don't use it and these CPUs can't really run games that do. For sound, as I already mentioned, you'd want 3D audio, either Aureal or Creative. With Creative, bear in mind the Via south bridge compatibility issues. A safe rule of thumb is not to mix SBLive/Audigy and Via chipsets (even if some do work together); with one of those chipsets take Aureal cards or (if the A3D is too expensive) something that supports A3D and EAX, such as the Turtle Beach Santa Cruz (Crystal CS4360 chip) or anything with the Yamaha YMF744 chipset. Note that these implementations aren't as good as Creative or Aureal's original ones.