The RS232 connections go to the Max232 chip. Dig up the datasheets over at
www.maxim-ic.com, and follow the connections. You probably only need to hookup the TX, RX, and gnd(shell/shield) connections.
The brownout settings on AVR's are in the flags - if you use the Atmel programmer, there's an entire panel dedicated to the settings, just enable one of the brownout settings.
If you really want to dump something there, just throw another of the .1uF caps and maybe a 10K resistor. (The only reason is that some device programmers might be unhappy with a lower resistance).
BTW, Fusion's comment about the 7805 is a warranted - Typically 7805's need ~2V to function properly - a 7805 would really like to have a 7+ volt input. The easy fix is to replace it with a "LDO" (Low Drop Out) type regulator. I think the LM2940 is the "standard" replacement, but it's current limit is 1A, and it is a buck more expensive than a generic 7805. There are *piles* and *piles* of LDO's, but they usually come in different and smaller packages. I'd suggest you wander over here:
https://www.digikey.com/scripts/DkSearch/dksus.dll?KeywordSearch
and look under the "Voltage Regulators" section. - and yes, Digikey has over 19000 different regulators listed. So here's how you find what you want:
You need a 5V regulator.
You need a regulator that has an output current > 30mA
(keep in mind that regulators with higher current limits tend to be bigger, so just shift-click on some set of output currents)
and finally, you probably want a regulator with a "TO-92" style package (i.e. it looks like a normal small through-hole transistor, instead of a big TO-220 tabbed power transistor).
Incidentally, Digikey's also a pretty good place to get datasheets - do a search on MAX232, and click on the "technical/catalog information" link, and presto, instant link to a datasheet.