Time Capsule 1st Generation vs 4th Generation

Is there a compelling reason why I should upgrade from a Time Capsule (1st Generation) to the latest when my current TC is functioning flawlessly?  I've got a house full of Apple Devices;
- Time Capsule 802.11n (1st Generation)
- AirPort Express 802.11n
- iPod touch (1st Generation)
- 2x iPhone 4
- iPad
- iPad 2
- Apple TV 2
- MacBook Pro 13" (Mid 2009)
- iMac 27" (Mid 2010)
- MacBook Air 13" (Mid 2011)
Are there significant performance improvements with the Time Capsule (4th Generation) and/or Airport Extreme (5th Generation) over the Time Capsule (1st Generation?
Thanks in advance for the advice/recommendations!
Brian

The major difference between the two versions is that Generation 2 and higher products allow simultaneous dual band wireless operation.
Your Time Capsule will produce either a 5 GHz or 2.4 GHz network, but not both simultaneously. Since you have iPhones connecting to the network, you are using the 2.4 GHz band.
Most of your newer devices are capable of connecting at the much faster 5 GHz speeds, but if you set your current Time Capsule up to operate at 5 GHz, the iPhones and iPod will not be able to connect.
A newer version Time Capsule produces both a 2.4 GHz and 5 GHz signal simultaneously, so faster devices would connect to the 5 GHz band and slower devices connect to the 2.4 GHz band.
That being said, there is also something to be said for leaving well enough alone. Your call.

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