With an old computer like that I sugest puppy since it al loads in ram and then your computer will fly . You can install puppy on the harddisk aswell. www.puppyos.com

timothyb89 the site http://llamalinux.sf.net/ is not working at this moment, I hope you can make it work, so I could check your site and your OS...

yeah, the SF account wasn't confirmed- we needed too much space.
I uploaded it to ibiblio if anyone is intrested. There does seems to be a problem with the init scripts, though. I asks what runlevel to use and quits out (a problem with mklivecd, maybe?). It may work for someone else. I've only used it in VMware and the whole distro was made in it... It just made things easier at the time...
I can't seem to find it on ibiblio's server's though.
If anyone want's it, I can scp the ISO. If someone's willing to make an attempt at finding it on ibibilo's servers, go right ahead.
I would like to be running my own server, but my ISP (Comcast) doesn't allow them... I currently run a server on my SuSE install, but...

I can say that is had a full range of programs for the new to advanced user... VMware Server (yay open source) is included along with development tools (kernel sources, KDE headers...)...