No, it didn't work.
If other people have the same problem that I did, please read this:
I've talked to HP Chat Support.
HP Chat Support.
Tranzopus : Updating CPU Current: Intel Pentium 4 478Socket 1.7Ghz/256/400 Updating: Intel Pentium 4 478Socket 3Ghz/1M/800 Current: System Rom: 686Y2 v1.05 Firmware Updated on 10/10/09: System Rom: 686Y2 v3.04 Updated both. 1) CPQFlash Utilit
[An agent will be with you shortly.]
[You are now chatting with Victor .]
Victor : Welcome to HP Total Care for Desktop support. My name is Victor. Please give me a few moments while I review your issue description.
NOTE: For security reasons, PLEASE DO NOT send credit card information via chat.
Victor : How are you doing today, Tranzopus?
Tranzopus : Good. Hope you're doing ok.
Victor : Yes, glad to know that you are good. I am doing fine. Thank you.
Victor : Let me confirm that your PC model is 5330us. Am I correct?
Tranzopus : Problem: Update Processor doesn't work after the bios update.
Tranzopus : Yes
Tranzopus : Also Update processor didn't work before the bios update.
Victor : Thank you for your information.
Tranzopus : Am confidant that the processor works because I bought it new.
Victor : Alright.
Victor : This issue could happen if motherboard is not compatible to support the new processor.
Tranzopus : What model is my motherboard
Victor : As you are using pretty old computer, the motherboard installed on the computer may not support the processor that you are trying to install.
Victor :
Product Specifications - HP Customer Care (United States - English)
Victor : Processor Intel® Pentium® 4 Processor - 1700 MHz (1.7 GHz)
System Bus 400 MHz System Bus
Cache • 12K micro-op trace cache
• 8KB L1 Advanced Transfer Cache
• 256KB L2 Advanced Transfer Cache
Victor : L1 and L2 cache are different than the originally installed processor as it is pretty old motherboard.
Tranzopus : 3Ghz/1M/800 instead of that it should be 3Ghz/1M/400 Clock rate?
Victor : It may not support the one that you are trying to install as it is 800 FSB with 1 MB cache memory.
Tranzopus : Whats my limit.
Victor : Please give me 5 minutes I will get back with the exact information.
Tranzopus : If I buy a motherboard for a micro case, an update, shouldn't be a problem? but as long I have the right 478 socket motherboard, better power supply and of course I have the good CPU already. Bottom Line, Do you know the top best newest motherboards by compaq so it can run the processor?
Victor : Thank you for being online with me. I appreciate your patience.
Tranzopus : At least that can run systems (3D MAX, 3D games)
Tranzopus : Yes I know
Victor : Tranzopus, the computer model that you are using pretty old, its not compatible to install any new motherboard, the chasis won't support the new motherboard design.
Victor : Instead of upgrading the motherboard, you can go for our latest computers.
Victor : We have different computer models with latest technology, depend on your requirement, choose the best and buy.
Victor : For more information, please vist our
www.shopping.hp.com website,
Victor : You will find all the information.
Victor : To run 3D MX and 3D games, you need to have very good more video memory video card.
Victor : Please go for elite PC models ( entertainment ) available on our shopping website.
Tranzopus : Yes, I know Compaq like customers to buy the hole package. They don't like customers upgrading the computers. Yes, I know about the video card, I don't think motherboard can handle that. I used to have and old compaq computer but I'm sure if the "Dimensions & Weights" fit, it should handle new motherboards.
Tranzopus : Thanks for helping.
Victor : You are most welcome.
Victor : Is there any other technical issue I can assist you with today?
Victor : I suggest you to go for new computer instead of spending more money for Motherboard , processors and Video cards.
Tranzopus : Nope. I'm on my own for now on. I will build one. Learn something new everyday.

Tranzopus : Thank you and have a nice day.
Victor : Even if you spent more money also you may not possible to get suitable Motherboard for your PC.
Victor : You are most welcome.
Tranzopus : Yes I know.
Victor : You have a nice day too.
Victor : It was a pleasure chatting to you today.
Tranzopus : Do I click on "end chat"? how does this end?
Victor : If you click on End button you will get the Save option to save this chat session in your PC.
Victor : It will prompt you to Yes or No to save , if you click on Yes it will be saved in your PC, if you don't want to save click on No.
Victor : Thank you for contacting HP Total Care Real-Time chat support. If you need further assistance, please contact us again at:
Contact HP - Online chat options
Chat support is available 24 hrs a day, 7 days a week.
Please take the time to register your HP product and the products Care Pack at:
Registration:
http://www.register.hp.com
Care Pack registration:
HP Care Pack Services Registration
For information on keeping your HP and Compaq products up and running, please visit our Web site at:
HP Total Care.
Victor : Take care and bye.
THAT WAS IT.
My opinion, It's just customer service where Compaq/HP try to make you buy a new computer.
I HOPE THIS HELPS TO THE PEOPLE THAT HAVE THE SAME ISSUES!!