Strange how I'm making my first post here instead of somewhere else...

Anyway, I build systems as a hobby (and also as a side income to support the missus), and even though many have already posted here, I'll go ahead and post my input.
Nice choice of CPU first of all, it's a good upgrade from a Core 2 Quad. Since you're replacing both the CPU and Mobo, the obviously different hardware will more than likely require you to re-activate your copy of Windows XP, unless you get extremely lucky. Though with Microsoft's recent tactics at anti-piracy you'll probably be forced to buy another product key for it, which shouldn't cost more than $100 the last time I checked.
Unless you feel confident enough to make the upgrade to Windows 7, which I strongly recommend. Mainly because it was designed to support the newer Intel i7 CPU's and LGA1156/1366 sockets, where XP wasn't. Technically, it should still run, but tell Mobo manufacturers that. A few Mobo's still support XP, but most don't because of Microsoft trying to push the upgrade to Vista/7 which results in you getting a BSOD, even if you use safemode. If you want to try your luck with keeping XP, try procuring a copy of XP Professional x64. Yes, you will have to do a clean install, but the chances of it working on the new Mobo are much higher than a copy of 32-bit XP. Since you'll probably have to purchase a new product key anyway (unless you're a crafty pirate like myself), it's better off anyway since a clean install on a new/rebuilt system is better than trying to fudge it into working properly. Any products you have installed that use a hardware ID will deactivate anyway because of the change.
You're last concern is drivers, since at worst when it tries to load the old one's, you'll get a BSOD. Of course if you really want to keep XP, and not do a new install period, you could go into safemode and remove all the drivers for the old Mobo and install the ones for the new Mobo. I'd also uninstall the drivers for your GFX and Sound cards and get the newest ones for the best compatability. If anything, safemode will let you retrieve your files.
Other benefits to at least switching to XP Pro x64 are the removal of the 3.25 GB RAM cap that 32-bit systems have. 7 is also just as zippy as XP, especially considering the CPU you will be using. Hope that helps. I'd post more, but the missus has me cooking.
