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Does anyone know why they are so cheap? Any other advice on what I should look out for when buying a mac would be appreciated.
I wouldn't even touch that computer with a 10-foot pole. I wouldn't settle for anything less than a G4 at 1.2GHz.
You're better off just going with an iMac, MacBook, or MacBook Pro. The new crop of Dual Core Intel-based Macs are the way to go right now. If you're not totally sold on the Intel-base, then look at the PowerMacs, as they are going down in price with the advent of the switch to Intel chips.