Great. I am glad you have isolated the offending program, though Online Armor (or any firewall, for that matter) normally does not cause problems like that - taking forever to shut down, yes, but not your problems. I would probably uninstall it, reboot, then install it again and see what happens.
Windows Firewall is an able firewall, and far better than nothing, but the XP version only protects against unauthorized incoming access attempts. This is fine if you have a good anti-malware defense system (anti-virus, anti-spyware) setup, you keep your operating system and installed programs current, and you (and anyone else using that computer) are disciplined at where you go on the Internet, and what you download, and open - that is, all attachments and downloads are scanned before opening, and no illegal P2P filesharing.
If copyrighted materials are being exchanged without the required compensation/royalties, chances are good the files contain malicious code too. If we think about it, what better place do bad guys have to test and distribute their new code? It is not like someone can complain to the authorities that the
pirated movie file he
stole infected his machine.
With Windows Firewall, if some malicious codes does manage to find its way past all your other defenses, it will be free to send its cargo (your personal information, spam, malware, etc.) out to the Internet, and to any other computers that use the same Internet connection (gateway). This is because Windows Firewall assumes anything coming from your machine has already been determined safe.
Online Armor (or Comodo, ZoneAlarm, Kerio, and others) being a two-way firewall add another layer of defense, protecting you from identity theft, and protecting the rest of us from an attack from your machine, should it become compromised.
When I get back home later today / this evening, I will check if the pc is sluggish or otherwise then get back to you.
Well your initial complaint was that the PC was running poorly primarily when browsing the Internet. With a fresh boot, use the computer for everything BUT the Internet - how is that performance?
Also, you have now changed your whole configuration, and chances are you are loading up a lot more resource hogging drivers and applications (including graphics resources) than you did when the computer was new. Webpages today contain a lot more data that must be downloaded and processed before viewing in high resolution widescreen formats. Just saying that if our aging systems seem slower, that may just be because they are working harder to process the increasing demands of the ever-widening stream (river? deluge?) of data we throw at them.
Bad guys have
forced us to load up our systems with resource hogging security software!

It doesn't help the anti-malware industry keeps pushing entire suites crammed with more bloat on us!!!

They are worse Microsoft! And that's hard to do.
You have a decent CPU and 2Gb of RAM is good. Graphics is very often the worst bottleneck and often the best place, in terms of bang for your money when you need to improve, not only graphics, but over all computer performance. If the CPU and RAM are waiting on graphics, that's a performance hit. What do you have for a graphics card? (I did not find it listed earlier - and I am too lazy to read it all again, ;))
How much free disk space do you have?