There are (at least) 3 on-line distributed computing sites that work by using your spare cycles:
The most famous is seti@home which is looking for inteligent signals from space
http://setiathome.ssl.berkeley.edu
folding@home which tests protein folding
http://www.stanford.edu/group/pandegroup/folding/
climates.net which, umm.. runs climate projections
http://climateprediction.net/
I am sure there are more but these are just the ones I have found. Seti@home will run on anything but the other 2 need 1+gigahz to run
GrimJack
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