Probably some fangled name for a harddrive. AFAIK thats all you need.
It sounds like your current HD might be borked if its taking ages to load anything - run HDTach and post your results
^ Agreed on the E6300 front, they all seem to do 3GHz+ and you'd probably spend the same on ram anyway (PC6400). I doubt theres a great deal of money to be saved by going down the E4300 front.
In response to the question I think there is sufficient performance difference to warrant the extra...
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