Dissecting that specification.
32Mb - all current cards have that or more
T&L = Texture and Lighting - a hardware DirectX 7 feature - prewsnt even in my feeble little Geforce 2 MX.
The AGP slot will be on the motherboard, and you would have to remove the case slot plate from the correct position to enable it to fit - on older cases, they were fitted, but on modern cases, they are usually less convenient breakaways.
If you want to be REAL CHEAPSKATE, this may do it http://www.ebuyer.com/customer/products/index.html?action=c2hvd19wcm9kdWN0X292ZXJ2aWV3&product_uid=51649
It's a more powerful card than I'm running, but then I don't play latest games. The card is hardware DX8 capable, so meets and exceeds the "feature" specification, but the SE is a lower speed version. I'd say this one would DO, but not if you want to use higher resolution, or turn on picture quality features (anisotropic filtering / antialiasing) - turn them on, and it'll be a slide show! http://www.ebuyer.com/customer/products/index.html?action=c2hvd19wcm9kdWN0X292ZXJ2aWV3&product_uid=49385
This only has 64Mb, not 128MB, but is the faster (non-SE) version of the 9200 http://www.ebuyer.com/customer/products/index.html?action=c2hvd19wcm9kdWN0X292ZXJ2aWV3&product_uid=59147
This is a directX 9 capable card, and is effectively "semi PRO" - the core speed is the faster "PRO", but the memory speed is the same as the standard - it's probably the cheapest decently powerful DirectX9 card.
Want DirectX9 support - cheaper http://www.ebuyer.com/customer/products/index.html?action=c2hvd19wcm9kdWN0X292ZXJ2aWV3&product_uid=56689
There you go, but for many things, a non-SE 9200 scores better than a 9600SE.
I'd recommend the 9200SE, maybe ebven the 64Mb model (I haven't listed) if you want REAL cheap, the 9200 non-SE, or the 9600 Pro - unless you care to spend >£100 on a top-end but downward sliding card
If you prefer the Nvidia camp, I'd say look for a FX5700 chipset, or a FX5600 that is NOT a FX5600XT.