Should I upgrade to the i7 processor on the 2012 11" Macbook Air?

I'm planning to get a new Macbook friday or so, and I'm curious to whether or not I should upgrade to the i7 processor in the 2012 11" Macbook Air. I do a lot of photoshopping and occasionally playing Sims 3, but aside from that it's just usual typing and social networking type stuff. Is upgrading to the i7 worth it and will I notice a difference? Or should I just go for upgrading the RAM to 8GB instead of the 4GB it comes with? I also am for sure getting the 256GB upgrade, as well as a case and external disc drive. Whatever the lowest pricing possible would be preferable to get what works best for me.
Thanks!

Difference between i5 1.7 and i7 2.0 definitely won't give you extra year or two... In fact in everyday work it remains unnoticed.
Unless while encoding video for 5 minutes, some 15 seconds is going to make a difference to you - I am not sure it's worth the money (only you can decide that..).
RAM. RAM. RAM is where you really should spend money. Also SSD, depends on your needs, you may run out of space quite quickly. These are elements that will give you additional year or two, and you can't* upgrade them in the future.
*) SSD technicaly can be upgraded, but it's much more difficult and requires you to purchase 3rd party SSD modules, and is considered non-upgradable by Apple.

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