Difference Between "Leopard Drop-In" and "Full Retail" disks?

Hello there. I've been running OS X 10.4.11 on my MBP for two years, and I'm interested in upgrading to Leopard. I can't find it in any stores, so that leaves eBay, I guess.
I am wondering what the difference is between the Leopard "Drop-In" install disks and the box that is described as the "Full Retail" version. My guess is that the Drop-In will upgrade Tiger to Leopard 10.5 while keeping all of the same programs, i.e. no updates to anything like iWork or iPhoto, etc; and that the "Full Retail" means Leopard 10.5 plus all the new versions of the programs.
With these disks, would I need to wipe my HD for the install? Would I need to create a backup on my external HD?
Should I wait a little longer until Snow Leopard becomes a little more stable? Is the "Mac Box Set" with Snow Leopard that is available right now the same (except w/Leopard) as the Leopard Full Retail box?
Thank you!
C

Hi CBA713,
Before you consider upgrading, have you confirmed that all of your software will run on Snow Leopard? The OS is relatively new, only about a month. Based on the programs you were running in Tiger (which probably are compatible) they may not run in OS X 10.6
Considering the cost of going to Snow Leopard from Tiger ($169) it might make more sense to try and grab a copy of the Leopard box set (you'll still get iLife & iWork '09) and then upgrade to Snow Leopard at a later time for the $29. Especially if there's some concern over application compatibility.
You can backup your hard drive via a cloning software, there are two free ones that are pretty popular among the discussions.
1.) Carbon Copy Cloner (www.bombich.com/software/ccc.html)
2.) SuperDuper! (http://www.shirt-pocket.com/SuperDuper/SuperDuperDescription.html)

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