Well yea, but you can get them cheap off ebay, and I admit I don't have the patience to work with crap PC's, I either upgrade them so they work reasonably well or I set them aside.
I'd probably run a very stripped-down 98SE (I have an install which is about 80MB, and there are far smaller ones out there!) on that hardware. It'd be plenty fast enough and still do the basics.
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