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My computer - specs in signature - is now 18 months old. My wish list includes a 250GB HDD which doesn't cost much, and a 19" LCD which does, and 1GB RAM.
I am tossing up whether to upgrade now or would it be better to wait till it is about 2 years old and replace with a Vista ready PC with the specs I want. I'm not a gamer so high end video is not a priority.
The monitor will be portable if you do upgrade in a year or two, as will the hard drive. RAM is relatively cheap, but unless you are having performance problems, you could hold off on buying additional RAM, which possibly could not be compatible with whatever you upgrade to later.
Whereof one cannot speak, thereof one should be silent.