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2003 has been released in 3 versions all servers, with a basic one, enterprise server and web server.
I use 2003 as my lan server on a dell inspiron 8100 (933 P3-M with 256mb of pc133 sodimm's).
Its a nice server os, and is reliable for a m$ thing but does use a fair amount of ram with typical load of 230meg + physical.
and thats with, nat, ftp, e-mail and irc client.
As for running new software on old servers load time isnt the only thing to worry about, its bloat of which 2003 has lots of it.
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