Wow... You're system is almost a complete match for the new one I just put together. MSI KT-3 Ultra 2, Athlon XP 2100, and the same video card. My case has two fans down front, two in back and one on top of the tower case. In addition, there's fans on the CPU and the video card and in the IDE drive drawers. The drives I use are a 120 GB and secondary drive I switch between the 80, 60, 40 GB drives that I use for different functions. I have a DVD drive (pulled from an 550 MHz computer nolonger in use) and a combo DVD,CR-RW drive that I purchased.
I am using a 400 watt power supply with two fans ... one drawing air into the PSU and the other draws air out the back of the case.
I'm not experiencing any problems.... but the systemboard is saying this is operating at 266 and approx 1.5 MHz... which I do not have a problem with either. I built this system the weekend before last.
Are you overclocking? And what wattage is your power supply? The MSI has a BIOS function where you can set alarms that tell you if the system is running too hot. It sounds as if you may be overheating, but you shouldn't be.
Is it doing this with stand-alone games or Online games? It may be the Internet that is freezing or intermittantly stopping action.