Because you haven't said what video card you have now and what games you play most, it's impossible to guess at what would be good to recommend for you, or how best to answer your question regarding the effect of cpu speed on higher resolutions. If you're playing OpenGL stuff (most likely), with a GeForce2 to GeForce4, I think you'd be better off using anisotropic filtering and no anti-aliasing at 1280 or higher resolution. I agree with the others who said that, as a general rule, a faster cpu won't help frame rates very much at high resolutions unless you have a top-notch video card.
My guess is, from what you've said so far (especially with regard to using FSAA), that you have a fast video card. The only question, then, is whether a faster machine will let you run your card at higher resolution. As I said earlier, the only way to answer that question, in any useful way, is to know exactly what video card you have and what games you want to play with it. If your sole purpose of asking this question is to fuel debate about the worth of fast processors, you're not being specific enough.