I would say that pretty much any processor at least around or above 2.5GHz will do pretty well for you. The AMD or lower level Intel ones should be okay. But I would probably look at either an Athlon or Pentium still. Of course that is just my personal preference.
And make sure to get at least 512MB RAM. I would say that is the minimum I would recommend these days. That should do pretty well for most anything, except for games, video editing, etc...
Dells can be pretty good but seeing as how we have had a lot of them where I work I've seen quite a few problems with them. Especially strange was that they sometimes ship CD-RWs that are incompatible with their system setup and won't burn cds.
Also, I agree with getting a nice monitor. I would get a flat panel from one of the brands table mentioned. Of course monitor's are something you might want to do some shopping around for as they can be gotten for a fairly good price every now and then.
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