I already posted a message in here earlier about hardware and got some great replys, there are some really nice, really helpful people around here. Anyway, I am a first time computer builder. I was wondering if anyone could explain to me how to setup a configuration in BIOS or give me a link to a site with really really in depth yet simple directions.
I might as well ask a few other questions while I'm here.

What does "Ultra ATA/66/100/133" stand for and exactly what is it?

What does "Serial ATA" stand for and exactly what is it?

What does "EIDE" stand for and exactly what is it? Also is "EIDE" and "IDE" the same thing?

What is the difference between 40,60,70,80,92,&120mm Fans?

When I buy the CPU is the heatsink that comes with it honestly good enough?

Do the chipsets have fans too?

What exactly do controller cards do? Is that what RAID is?

Is there any other general knowledge I should have?

I've been reading up a lot and these are a few things that I was wondering, Just thought I'd ask them all at once. I hope this isn't too annoying. Thank you in advance to anyone who answers any of these questions, your a really really big help.
Thanks again!

Ultra ATA/66/100/133, the numbers are your front bus speed(example 66mb per second).
EIDE
(Enhanced IDE) An extension to the IDE interface that supports the ATA-2 and ATAPI standards. ATA-2 (Fast ATA) provides faster transfer rates and allows for multiple channels, each connecting two devices. ATAPI supports non-hard disk devices such as CD-ROMs and tape drives. It also specifies a new BIOS for supporting hard disks greater than 504MB. Since mid-1994, PCs have shipped with EIDE interfaces, and most motherboards provide a primary and secondary channel for a total of four devices. In practice, the terms EIDE and IDE are synonymous.

Controller card
expansion board
A printed circuit board that plugs into an expansion slot and extends the computer's ability to control another type of peripheral device. All the boards (cards) that plug into a personal computer's bus are expansion boards, such as display adapters, disk controllers and sound cards.

Support for additional peripherals can be built into the motherboard. For example, in the early days of the PC, the serial and parallel ports were always contained on an expansion board. Today, they may be built into the motherboard. Stereo sound and VGA display may also be built into the motherboard, eliminating the need to plug in separate expansion boards.
The difference in the fans should be obvious. Change the MM to inches if that helps you visualize it.
Chipsets do not have fans.

"What is the difference between 40,60,70,80,92,&120mm Fans?"

The bigger fans are quieter while pushing the same amount of air. Smaller fans are needed for tight places like on your high-powered vga card. Generally speaking, replacing small fans with big fans is a way to quiet the system down. imo all cases should have one 120mm quiet intake fan and one 120mm exhaust fan, standard.

"When I buy the CPU is the heatsink that comes with it honestly good enough?"

I've tried several on my systems and the actual heatsink is a smaller overclocking factor than the fan's cfm that is on top of the sink (cfm stands for cubic feet per minute of air pushed), a smaller factor than the temperature in the room, a smaller factor than the motherboard, a smaller factor than the congestion in the case, and a much smaller factor than the specific cpu core type, manufacture date, and serial number which gives clue to its oc ability. For stock speeds, the stock hsf (heatsink/fan) is always good enough. For overclocking, you will need a loud fan to have much of an impact on your max overclock speed. An sk-7 with a thermaltake II fan is good for oc'ing because the fan can be cranked up to a high cfm and make a definite diffference in your oc, but is quiet at lower cfms.

The presence of so many variables makes it impossible to compare temps between people, and makes it easy for buyers of hyped-up aftermarket hsf's to believe they have substantially improved their system. Go ask the guy who just replaced his factory-supplied tires with some nice aftermarket tires and he'll tell you about his better gas mileage and faster time from 0 to 60. Tires, like hsf's, only really pay off in extreme confitions. A good rule of thumb is that if it ain't a lot louder, it ain't much cooler. All that said, hsf's are fun so I blew $20 on an sk-7, which lowered my temp 1C over the stock amd hsf. (Although its a cold morning right now so I get to tell myself it got me 7C)

"Do the chipsets have fans too?"

Sometimes. The northbridge is fan cooled on some boards and just has a passive heatsink on other boards. Its always a small fan that is louder than its worth when a board has one.

"What exactly do controller cards do? Is that what RAID is?"

RAID isn't worth it. Raid allows data to be spread across mutiple drives to enhance reliability. Corporations use it, home pc owners don't need it.

"Is there any other general knowledge I should have?"

If you can get your hands on a free pc, no matter how old, taking it entirely apart and putting it back together is a good experience.

There's a million software tweaks and freeware utilities to be had and learned about aside from hardware. Motherboard Monitor, cachemaster, sisoft sandra, tweakui, freeram xp, 3dmark, are a few I use.

When you setup your system, I recommend you partition your hard drive into two drives so that if you ever need to reinstall windows on c: you can keep d: intact.

Johno is right on! The suggestion to use a dual boot, with one small partition running the same OSystem is excellent; I have used it for years and it has paid off in gold. If your main OS crashes, gets a virus etc., you just boot into the second partition, and drag&drop your data files out of the main, damaged partition into the second. Then just reinstall Windows, reverse drag&drop and you are done. Nice. You can also do the same thing with a second, slave harddrive running the same Operating System and get even more protection from virus damage.