--Aha! And the old beast is theoretically capable of running Windows 2000 on it, if you did want to turn it into a word processor with LOTS of mp3s and use one of those high-gig CF cards in it.
Windows 2000 would make it less chancy to network -- not completely safe, on account of how 2K's not being patched anymore so you'd have to use something like AVG, a couple of antispyware systems, and ZoneAlarm to stop the icks before they arrived on the system. But since that PCMCIA slot could be used for a wireless or Ethernet card (and can be used to swap), you'd have options there if one of the local computer doctors can get 2K onto it for you. (I'm pretty sure it won't handle XP -- but then, I haven't actually tried, and maybe one of your docs could give that an assessment?)