Along with the board a got two 128MB PC133 sticks and a Celeron II processor that runs at 700MHz.
I haven't tested it yet but since I got it for less than $30 I would say that it wasn't a waste of money

I have never had one of these Celerons. I have read that they sucked royally in terms of performance. I checked out the specs for it compared to the mendochino and it is based on .18 Micron technology (vs .25), has slightly fewer transistors and runs at 1.7 volts instead of 2.0. So at least it should run cool

Anyway, I am pretty sure that some of the members here have experience from this CPU so what is your verdict? Is it a good overclocker? Looking at the specs suggests so at least.
I've got a couple of PIII's (866MHz) lying around as well but I would prefer not to use them if I run into a real dual socket 370 motherboard that wasn't going for stupendous amount of money.
I am not that sure that this motherboard has overclocking capability. These OEM boards are for the most part stripped of the fun things I am afraid.