Here ya go:
Asus PC-DL Dual Xeon Board - $203
2 x 2.4 (533) Xeons - $478
2 x 512mb Mushkin pc3200 - $202
For $883, it's a bit more than the $800 you wanted to spend, but the latest revision of the PC-DL, rev. 1.05, has a working AGP/PCI lock. There is a monster thread over at 2cpu.com
here devoted entirely to the PC-DL and how to overclock it. Getting the 2.4's up to 3ghz is pretty common nowadays, and a setup like that would give a dual Opt. 242 system a run for its money. One of the guys at 2cpu.com is putting together a site devoted to overclocking the PC-DL
here, which is nice because the PC-DL thread is at 183 pages long now, and that is a bit much to wade through.
Anyway, this is the route I would suggest you go, for the amount you wanted to spend. Of course, if you don't want to overclock, then the dual Opteron is a nice choice as well.
For comparison:
MSI dual Opteron board - $206 - Probably the best budget dual Opteron board w/AGP
2 x Opteron 242 OEM - $614 You can save $20/CPU by buying OEM vs. retail if you go with the MSI mobo, because it comes bundled with its own, proprietary HSF's. Because of the placement of the sockets on the MSI board, you cannot use the retail Opteron HSF's.
2 x 512mb OCZ pc3200 Registered/ECC - $299 Opterons require registered/ECC memory, which is going to cost more than your normal pc3200 RAM. The reason I chose the OCZ instead of the Mushkin is because it is quality memory, plus it runs about $20 less than the 2 x 512mb Mushkin ECC memory at Newegg.
Here is a link to what I've found to be the best review showing how different SMP systems match up, including the Opteron 242's and lower to higher-end Xeons. Fleshing out the Opteron 242 system will be a little more expensive, but it will be a nice system with future upgradeability to a 64-bit OS. However, if you don't mind overclocking, the Xeon platform can give you killer performance at a lower cost, and should still last you quite a while.