Kenny, do you know what brand and model mother board your system has? You may have a broad range of processors that your motherboard can handle and your 1.7 could be at the low end of that range. Replacing it could be as simple as buying it, removing the old one, installing the new one and adjusting the timings in the BIOS. Beyond that adding Ram may give you a jump in performance as well.
Here's something to think about though. If your machine has an AGP port for the video card I'd be very reluctant to spend very much at this point to upgrade it. I'd start saving for a new mobo/cpu/ram/video setup due to functional obsolescence.
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