personally, i would agree with your sentiments
i just did a quick scan at the prices....
at the ~$400-$450 price range that the 3200+ 400fsb processor is at.. i would much rather spend a touch less money on a pentium4 3.0ghz 800fsb, which would perform a bit better overall than the 3200+, which i would compare with a p4-2.8 or 2.9 running at 800 fsb
and a comparable price mobo, like 865 or i dont know intel mobos that well so i'll stop there....
but yeah. for spending $400+ on a processor right NOW, intel looks to be teh better deal
on the other hand....
if he doesnt mind waiting a week or four (hehe) the AMD athlon64 3200+ will debut around the mid $400's (ballpark guess?) but the kicker is that the mobo's are still a touch above $200... but that would give him some nice bragging rights at a $100 premium over the pentium 4 3.0, but would make him competitive with the $600 pentium4 3.2 at a slightly lower pricepoint (maybe $100)
i might have gone too far,....hehe