getting a new pc...
I will be getting a way better pc than what i have now. It has at least 2GB RaM and a 3GHZ processor so should I get Windows 7? (If i should then i will get the 32 bit version so i can still run my win95/98 games)
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2 GB of RAM isn't much these days. It'll run 7 fine though, but it really depends on what you intend to be using the machine for.
If you want to upgrade the RAM at all, you should install the 64 bit version of 7. Depending on what 95/98 games you have, you may get away with running them virtual. The bottom line is that yes, you should run Windows 7.
You may also considering keeping your current PC as an old gaming rig and using the new one for the modern stuff. You could get a KVM switch, have both PC's hooked up and switch between them depending on the task you want to do. Better performance than a virtual machine, though more detrimental to your electric bill.
Pentium 4's are not fast. At least compared to anything made in the last 5 years. There's a reason why they abandoned the P4 architecture.