sk8er...
1. DDR2 is high latency, so for an AMD processor it's death. This is because the AMD processors are VERY efficient (run faster at lower clockspeeds). The P4 has to run at a much higher clockspeed to come close because it's VERY inefficient...but this also means that it doesn't really care as much about latency.
2. DDR2 will be available next year at mainstream prices in the 667MHz and higher range. At this point, the clockspeed of the memory will outweigh it's latency problems and it will be usable on an AMD platform with much less penalty. Remember, DDR2 isn't any better than DDR (in fact in many ways it's not nearly as good), but it does have the advantage that it will be able to clock higher eventually.
3. The Pentium D is an embarrasment to Intel, but they absolutely needed to put it on the market quickly. The AMD's have been designed to be dualcore processors since they were first conceived (6+ years ago), which is why they have such a significant advantage over the Intel dual cores.
4. Many maintain that it's possible Intel's future Conroe/Merom processors will finally be AMD's equal when they come out (sometime at the end of next year), though nobody really can know yet (they sound good on paper, but we've heard that one before...).
5. As to motherboards, I suggest an Nforce4 chipset...beyond that, go with the features and brand name you prefer.
The bottom line is that the very best you can buy today is an AMD X2 processor on an Nforce4 platform...there really is no dispute anywhere about that fact (except for those who just like to argue because they like to argue...).