Yes, that is adequate for most gaming. For stability at using stock cooling, 2.4GHz would probably be best. I've seen it running fine at 2.8GHz and if you want to break the barrier to the 3GHz range, it would be best to have that thing water cooled. Might I also suggest using RAID with the SATA to speed up file storage.
RAID Level 0 and Level 5 (there are like 10 RAID levels but we don't care about the other ones) deals with performance gains from file transfer, but mainly Level 0 is most simple. It requires two hard drives of the same size (preferably) and same interface (SATA). Basically, data is broken down into chunks that are spread out across two or more hard drives which result in nearly twice the data access speed. However, if one hard drive fails, the other one does too. Think of it like one hard drive, but you are actually using two.
RAID was primarily used for redundancy for disk mirroring (backup). If one fails, the other drive has the exact data backed up already. RAID level 0 does not have fault tolerance which is why the most popular RAID setup is Level 5 in which you get performance and fault tolerance at the same time
thx for the quick replies and i think i will get another hard drive eventually for RAID but for now i'll just stick with that i have and do you have any suggestions for a fan that will keep my cpu at a good temp while i overclock?
I feel the stock fans are pretty good if you do plan on OCing it to 2.4GHz. You may want to get something like this Zalman cooling fan/heatsink combo for higher frequencies. It's got a huge fan on it so it's got to cool that sucker pretty good. Plus it's so quiet and if you look at the user reviews, lots of positive ratings.