Air Cooling vs. Water Cooling vs. Peltier Cooling (TEC)

I started up a thread a dew days ago asking which heatsink would be the best for overclocking, but I am now interested in Water Cooling or Peltier Cooling.

I want to overclock a 3.2 Ghz Northwood 800 FSB to 4 Ghz and 1200 FSB.

I have set the limit to $100 US, although I would like to spend as less as possible Air Cooling vs. Water Cooling vs. Peltier Cooling (TEC)

If you have $100 US to play with what would you get? Specific models and reasons would also be prefered.

Bub Air Cooling vs. Water Cooling vs. Peltier Cooling (TEC)

 

 

 

 

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