they are attempts from a source to conenct to a destination which is matching a rule on your iptables setup. now i'd have to assume that you have a 56k modem and a connection to your isp and you're being port scanned... PRIV means a port under 1024, UNPRIV means a port over it. the first 1024 ports are theoretically reserved for priveleged services, not services that a normal user may be able to start.
if you wish to stop these messages, i think it's a case of running "dmesg -n1" to change the sensitivity of the kernel log ring buffer
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