A very similar thread came up a few days ago. Search please!
But yeah, go with the 2.4, HD and ram can always be upgraded later, processor can't.
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I am in exactly same boat as you.
Yes, some people would say go for 2.4 because CPU can't be upgraded...
However
If you want a FAST machine NOW, go for the 2.0, and use that extra $300 to:
Buy 4 GB ram (~$50-100)
Buy 320 gb 7200 RPM HD (~100)
SAVE $100on top of these upgrades
Your MacBook will kick the stock 2.4ghz MacBook in the xxx any minute!
Thats what i will do in a week or two
Where are you buying your ram?
I vote for 2.4 with 2gb. You can always add more ram later if you cant afford it now.