I've had my "PreCarputer" running blind for a while once...
Back then it was a 733MHz with 128MB and 60GB.
I've installed Win98SE, hooked up a keyboard, and while configuring it at home I've installed Winamp and configured loads of shorcut keys, i.e.:
Ctrl+Alt+H = Hip-Hop PlaylistMoreover, I've seen a 4x20 LCD plug in and drivers for Winamp.
Ctrl+Alt+T = Techno Playlist
Ctrl+Alt+W = Winamp
Ctrl+Alt+Shift+S = Shut Down
The boot up time was around 30-40 seconds (remember to disable a bunch of unnecessary drivers and services).
I know a 733MHz Celeron isn't exactly a 233MHz P-II, but they're both capable of runnin Win98 & Winamp.