I fixed the problem!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The reason why the heatsink and processor was getting hot is becuase of all the collecting dust inside the heatsink! i cleaned that!
Then i set the JP3 jumpers 1&2 - 3-4 to ON and my MB was running at 200FSB... so i put on the new AMD XP 3200+ processor and when i reboot the pc it went as normal... Now my computer is registering at 2300MHz!
Oh and i also reset the CMOS!
Thanks guys for your help! NOT