Deciding on new Imac or not.

Hey everybody! I currently own a 2.4GHZ older imac with an ATI 2600 pro in it and 3gb of ram, the 20inch version.
I have an oppertunity to get a new Imac 24inch 8800GS, 4gb ram, 500gb hard driver, and 3.06ghz for about 1600 cdn.
So my question to you is, should I go for it or wait a while? I'm fine with my imac right now, but I'd like to install windows on it and play a few games as well. So what does everyone think about that?

That sounds like a model from the first aluminum iMac line-up. You can upgrade the RAM to 4GB with one 2GB module to replace the existing 1GB module, if 3GB is not enough. That should improve performance a bit. The upcoming Snow Leopard (in a few weeks) will probably make the same Intel 64-bit hardware run better, because it is an upgrade the is focused on optimization in various ways.
You can install Windows on it. Whether the graphics hardware can handle "a few games" depends on the system requirements for those games. If the current system running Windows under Boot Camp meets the requirements, and the iMac is otherwise fine for what you do under Mac OS X, I would keep it and use it as long as possible. I'm sure there will be other good deals in the future.

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