I currently have the following hardware and software can I build a server with this and it run ok?

Hardware:
AMD 4000+ Processor 2.4Ghz
Asus A8n32 SLI Deluxe Motherboard
2Gb of 400Mhz RAM
2 Western Digital 1TB Hard Drives SATA
and the rest of course (video cards, optical drives, cooling equipment)

Software:
Windows Server 2003 R2 Enterprise Edition With SP2 x86

I will be running this at my home BUT I repair and build PC’s here and currently running 8 machines, I have this stuff just laying around and thought I could build a server instead of buying one and save a little money. Will this work, please no jackasses!

im new to this. My computer memory is almost used up I want to completely wipe it so its like new. I have some programs I want to back up to CD so I can keep them but I dont know how. Also are their any programs I specifically need to put on the disk? like will internet explorer and basic programs like that be on it? I just want to know how to erase the hard drives so its like new

How do I increase windows xp boot-up time. I have cleaned the programs from the start-up list. only comodo firewall and nvidia driver components are there.
Cleaned my PC from anti-virus, spyware and other malware.
Cleaned my registry.
Defragmented the registry and the hard drives.
Disabled unneeded devices.
But still my boot-up time is 1 minute. From the moment of the POST message to the usable desktop.
PC specs:
Intel p4 ht 3.20GHz.
512MB RAM
Nvidia Ge force 6600.
D945GNT motherboard.
160GB hard drive space.
Already used Advanced windows care and disabled the floppy drive seeking.

After pressing F8 to accept the Microsoft agreement it brings you to the partition page that displays your hard drives and partition. The problem is that nothing shows up here for me to do anything. I’ve tested the hard drive and memory. I’ve also tried swapping drives to see what would happen, but same thing. Any advice would help, thanks everyone.

just put in new Hard drives and reinstalled windows xp home. in stalled all the drivers that came with my dell and i am online with my cable modem, but everything seems much slower?any thoughts on why this might be?
is there why to check and make all my setting and drivers are correct?