Let me get this straight, you are overclocking your P3 700 to 933, using a 133 mhz bus. Well, you should cover J1 and on J4 cover pins 1-2, not 3-4. This will put it on cpu define, thats what u want. Second, make sure that on J3 you ahve 1-2 covered, this is for the coppermine cpu's, like your P3 700. This is how I set up mine, I use a P3 850 coppermine, same as yours just faster. I just overclock using the bios functions like you.
Let me know if either changing these jumpers or enabling DMA fixes you up, otherwise I'll think of something else. I would definitely make sure the jumpers are set properly.