Remember that just because Ivy gets hotter, doesn't mean it produces more heat. Ivy is more efficient than Sandy under normal voltages and just gets hotter because the dies are smaller and can't dissipate the heat quickly enough. A match can be extremely hot, but a campfire produces more heat.
Indeed
I wouldn't upgrade to IVB if I'm already on SAB, but the OP is on 775; much like I was [Q6700]. I'd still say go for the newest chipset and CPU - he can always use a SAB CPU with a Z77, if he wants to.
The increase you see from 775 to 1155 in performance and the drop in power consumption is phenomenal.