Specification Update:
The Premiere 3U Server comes with Intel Celeron D 352 single core CPU at 3.2GHz. It’s on Cedarmill (90nm) architecture from Q2 of 2006 with 86W TDP.
Intel® Celeron® D Processor 352 (512K Cache, 3.20 GHz, 533 MHz FSB) quick reference with specifications, features, and technologies.
ark.intel.com
I successfully replaced this CPU with the latest revision of Cedarmill (65nm) from Q1 of 2007 which is the Intel Celeron D 365 single core CPU at 3.6GHz with 65W TDP.
Intel® Celeron® D Processor 365 (512K Cache, 3.60 GHz, 533 MHz FSB) quick reference with specifications, features, and technologies.
ark.intel.com
The new CPU should be faster while consuming a few less Watts and generating a little less heat. The stock CPU cooler is a Silverstone passive heatsink (copper) which is more than adequate.
I also upgraded the stock 512MB DDR2 533MHz (PC2 4200) RAM with Corsair (2x1GB) DDR2 533 MHz (PC2 4200). While at it, I replaced the CR2032 CMOS battery with a fresh one.