What are the advantages of moving from Tiger to Leopard?

Hello all,
I currently have an iBook G4 Mac with 1.25MB RAM and a 1.2GHZ processor running Tiger 10.4.11. I was thinking of upgrading to Leopard in order to get the longest life out of my system before I can afford a Mac. Before I take the pluge I'd like to consider what the advantages of the new operating system are, and it seems to me that the additional advantages are not too clear from the official documentation and Apple Store.
My system will not run Snow Leopard from the system requirements that seem to be coming out so I think this would be the best step to keep my Mac going and compatible for new software that I use for student work, which is primarily musically orientated plugin's and software for midi controllers and mixing. Do you think it would be worthwhile upgrading my system and it will be fast enough for efficient use?
Lastly if I do upgrade, what is the best way to install the new system while trying to preserve current applications and folders. Would it be best to use data migration to a external hard-drive and back again, or is there an easier way to maintain the system applications and files.
Thanks,
Robert

See the list of the 300 new features in Leopard and then decide if they are worth it to you.
Whenever I upgrade, I do an "archive & install". It will move your previous system files to a "previous systems" folder and install a new system from scratch. You can also have it preserve user and network settings, which is what I always do. It makes for a very smooth and reliable install with a minimum of fuss.

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