<< If you have $110, which pentium will you get? Celeron or Pentium III? I want to build a new computer. I am just confused which processor I need to choose. I am not talking about overclocking. Which faster processor will I get for $110? Celeron or pentium III? >>
Celeron. For the buck, Celeron is faster talking stock-to-stock comparision. I'm not alone who feels "Pentium III" sounds better than "Celeron=Celery=Cellie". There is a thing called self-pleasure of having PIII instead of Celeron economy. Despite that, Celeron gives more performance per $ and there is no question about that.
Above statement is made under the assumption that overclocking is not a feasible option. Even though may not be apparent, overclocked system will have compromised stability compared to non OC'ed system. This is why you don't see overclocked mission critical systems. OC'ing ability varies greatly from processor to processor and batch-to-batch and you really can't predict the final speed. Enthusiasts feels overclocking is the way to go,but non-enthusiasts who just want to get their work done don't need this extra complication.