Thinking about Purchasing

So my good old 1ghz G4 PB is about on its last breath of life, the disc drive is shot, the HD is getting old and will eventually fail and the back light is starting to wear out. So to replace it I'm thinking the 20 inch 2.4 ghz iMac, its a little more then I want to spend but I don't want or need another laptop so the Macbook is out of question. My question is how good is the hardware? Are there any problems I need to know about? All I plan to do is watch video, a little gaming, internet, etc.
Or should I wait for the next iMac version or is this one the latest?

Hello, 
Interestingly I recently replaced the HDD and Optical drive (about £100 total) on my 1GHz Titanium Powerbook and have breathed new life into it. Sure the battery only lasts an hour if I'm lucky, but I do need a machine on the move now and again.
The new iMacs are great and the vast majority of people have been really happy. The issues reported here since their release have related to graphics freezing (fixed in downloadable updates), quality of screens (the current 20" uses a lower qaulity display than old 20" models or the 24" display); and some Firewire issues, usually when using multiple devies.
Please don't let that put you off however as most have no trouble at all.
http://buyersguide.macrumors.com/#iMac
cheers
mrtotes

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