no I would what till august new stuff will be out by then and ull hopefully be able to get on top of your bills by then
lol. and by then if he waits a few more months new stuff will be out again, and a few months after that more new stuff will be out, and a few more months after that more new stuff, and a few more months after that more new stuff, etc, etc, etc, etc. you cant just wait for new stuff to come out, no matter when you build a pc, there will be newer stuff coming out a few months to a year later.
anyway, you can get...
a core 2 duo for less then $200
a gig of ddr2 ram for less then $50
a motherboard for less then $200, for less then $50 even if you want a cheap one
a decent video card like a 512mb 7600gs is also less then $100
you can possibly reuse your current mouse, keyboard, hard drive, case, monitor, optical drives, hard drive, and power supply.
for less then $500 you can have a fairly decent computerthat will play most games on the market with medium to high graphics settings.
its the nice thing about hardware being so far more advanced then software
on a side note, its not that much more expensive to build cheap now and upgrade later. the above is exactly what i got back in september (went with the cheapo motherboard). then over the past 2 months ive replaced and upgraded until i had the pc in my sig. was it worth it? yep. thats 4 months of great game play i had on a good pc.
just keep in mind...
1. every pc has to be upgraded eventually
2. hardware is far more advanced then software, which means you dont need top end stuff and can easily use cheaper older stuff
3. if you wait for the new stuff, youll pay top dollar for something that you might not get your moneys worth out of it for maybe another year or two, and by then there will be way better hardware out and the thing you have will be cheaper