you will need a cpu , some type of socket , and a regulator to drop the voltage from 5v to 3.3v that 060 needs. if you have an PPC card don't need a regulator just a change of a choke jumper. As for someone that hasn't had ENOUGHT experience with iron and desoldering : AGAIN FORGET IT ! or take it to someone that knows!.
As for speed improvement ... its just.... umbelivable!!!!
about 4 times the speed of the 040@25..