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Upgrade software and drivers?

Well I'm confused... as soon as I have built my DAW, the questione comes: What should I upgrade?
This is my list:
Mobo Asus P4B533-V (upgrade BIOS?)
soundcard RME Hammerfall LE 9636 (upgrade drivers?)
Win XP-pro.. is there anything to upgrade?...( the DAW is not connected to internet )
And finally Cubase SX v.1.03 (upgrade or not?)

What effects should I use for acoustic music?

I know this is too broad of a question, but I am curious what effects I should use on my music - less is more in my opinion, but for folk music with a bluegrass flavor I usually put a little reverb on vocals and a little stereo delay on everything except bass guitar, bass drum. Anything that I'm missing to get a full sound.