To answer your question, yes, you would be able to use PC3000 or 3200 in that board. I have PC3000 (Corsair) in my P4B266, and there is no problem. You will get slightly better performance if you go with the higher end ram, this is due to the cas latencies. The real reason that you would want ram that fast would be if you were heavily overclocking, or using the 3:4 cpu/ram ratio. IE: CPU 100 RAM 133 or CPU 133, RAM 177mhz (PC3000 or so).
An RDRAM setup will beat a pc1600-pc3200 setup; for now.

RDRAM is much faster, but at this point, there really is no need to spend the extra money for the RDRAM. DDR ram technology and motherboards are getting better, and are within an arms reach of RDRAM boards.
This board will be a great board, and many people on this forum will be upgrading to it when it comes down in price (me included).