Trying to decide on best configuration for photo/video on 27" iMac.

I want to get the new 27" iMac. I plan to use it for photography as well as some light video editing.
I decided on the 1TB fusion drive.
But what I want to know is what is the main reason for the $200 price diff btwn the base 2.9ghz 27" iMac ($1,799) and the base 3.2ghz 27" iMac($1,999)??
Besides the slight diff in ghz(they are both 3.6ghz with turbo boost by the way)...I only notice that the $1,999 iMac has a faster GPU with 1gig of VRAM as opposed to 512mb.
They are both i5 and identical in every other regard. Is the GPU worth the extra $200 for what I am doing?
What would be more beneficial for photo & video editing? Bumping up to an i7 for $180 more? Or bumping the GPU to the 680mx with 2gigs of VRAM for $135 more?
Thanks!
Can't wait to order mine. :-)

what is the main reason for the $200 price diff btwn the base 2.9ghz 27" iMac ($1,799) and the base 3.2ghz 27" iMac($1,999)??
The differences are 1) the slightly faster CPU, 2) a slightly upgraded GPU with increased VRAM and 3) the ability to upgrade to an i7 processor at the time you place your order.
imho you will be better off investing the $200 price difference in more RAM and/or the Fusion Drive before worrying about the slight speed difference between a 2.9GHz and a 3.2GHZ i5 processor.
RAM and disk drive access times have a significant effect on overall system performance.  Photo and video editing performance will be greatly influenced by the amount of RAM available and disk drive access speed ... far more than a mere 0.3GHz difference in cpu processor speed.
The price difference is even bigger ($400) if you are comparing a 2.9GHz i5 to the 3.4GHz i7 versions.

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