the usual answer applies, as fast as you can afford.
I am no guru, so I don't know what will help most, CPU or RAM.
I would go with at least a 1GHZ machine with as much RAM as you can throw at it, 512MB - 1024MB.
I think that would do nicely.
I had my p100 running e-smith and went to a PII-400 and was blown away at how much faster everything was, especially web admin
so, a p100 is definitely way to slow for what you need.
steve