Upgrade bang for the buck?

With the increasing percentage of time I'm spending on HD projects as well as Motion work, I need to speed up my setup. I'm weighing bang for the buck between investing in my current machine or scrapping it and buying a new machine. My principle issues are:
1) I need to be able to drive a 32" HD display for my clients in addition to my 20" monitor. Can't afford a broadcast HD monitor so I'm using a consumer display.
2) Need to improve render times on FCP and Motion
3) Would like to improve compression time for QT output
If you had $2500 for upgrades or $4000 for a new machine (assuming I can sell this rig for $1500) what would you do? New video card, increase ram, faster disk i/o? New quad processor xeon machine (on the low end of the spectrum)? I'm struggling with whether it's worth putting considerable money into a G5 machine in this Xeon world.
Any advice is appreciated. Thanks.

Not exactly sure how to tackle this. But the bottom line is: get a new machine! There's a couple ways to view it, I suppose:
1. Performance: Let's say you spend only the $2,500 on 'upgrades' to the G5. That's (about) 62% of the $4,000 route. Will that G5 perform 62% as well as a new Mac Pro. My guess is: no. The new Mac Pro will so handily spank that G5 that it's not even a contest.
2. Upgrades: whatever the fastest GFX card you can get into that G5 is a finite element. If you get a Mac Pro you could start with the "stock" card which is probably on par with the best of the G5 candidates. You could then upgrade to an ATI 3870. If you waited a little bit you could upgrade to the ATI 4870. (Not available yet.) Point being: the best options out there for the Mac Pro trounce the G5's options and we haven't even seen the end of the tunnel yet.
3. Longevity: let's peek into a worst case scenario: You spend $2,500 on 'upgrades' and the G5 poops out. Motherboard meltdown or something that renders it a doorstop. What recourse is there then? If you buy new, you've got a warranty and the ability to extend that as well. I like that peace of mind personally.
4. Future: Things are only going to grow more and more optimized for Leopard (and beyond) and the Intel platform. The PowerPC is already starting to get phased out. For example, Adobe has said After Effects CS4 will not even run on PowerPC. You can't expect any vendors - even Apple - to continue to focus on PPC when those resources can be put to optimizing the present and future: Intel & Leopard.
Just my 2 cents worth. But if it were me, I'd bust out the buffing cloth, put it to work, and introduce that G5 to some new friends over here.

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