Need help with the classic question: iMac or MacPro?

HI all,
I have been tossing this questions for a little while now, high end iMac or low end MacPro? So if I can request your patience, please allow me to rattle this lot off and see if you can help.
My current spec is:
• MacPro 1,1
• 2 x 2.66 Dual Core Xeon
• I have 2 screens, 24"
• All 4 internal bays have HDs, 1 is designated for TimeMachine.
• 2 external HDs, 1 for iTunes and misc, 1 for boot HD backup.
The software I run are mostly the Adobe CS suites, some 3d, some audio, and soon some FCPX.
I have had the computer for about 4 years now, and although it has served me very well it is getting tired etc. I am a long-term tower computer fan, but I can't ignore the question.
So, I have been thinking of either:
• Going for the high-end iMac, and consolidate much of my internal HDs into an external RAID system.
or
• Getting the low-end MacPro, with the 3.2ghz Nehalem chip upgrade, and basically keep the same 'style' of system I have now.
The
What would you recommend? My concern is of course related to price, and bang for the buck, but more than that - longevity for the upcoming years. Pretty much now is the time when I will be updating, and I expect to keep whatever system for the next few years.
I don't see my uses for the Mac to be too much different from what is listed above. I have not installed anything other than additional HDs and RAM into my current Mac - so in that respect expandability isn't too much of an issue.
The price is similar enough to be comparable.
In case you wonder, the current MacPro has been earmarked for use in another task, which is likely to include usage of the screens... Hence in somerespects, this is a "starting from scratch" situation...
Thoughts?
Many thanks,
Aaron

Forgot to mention Aperture. Lot's of photos.

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