I see it like this:
It all depends on how you are going to be using the system. If you are 100% sure you don't want to use Win2000 or anything NT based then you won't be doing an SMP system, right off the bat. As for what you do with the system - if you're stiricly a gamer, you obviously will notice a boost, but if all you are doing is playing the game and aren't running anything in the background, your money should be saved up for that high end video card about to come out.
On the other hand, if you tend to want to do many, many things on the computer at once still have most operations completely very fast, then an SMP system is for you. Especially if you're into SCSI, you'll notice the same thing for an SMP system from IDE. Almost nobody I know will benefit (considering cost, here) from SMP, but there are a select few who must have the best and do notice a huge performance gain, since they stress their systems harder than most end users.
A good example of this is a friend of mine at work: he isn't a hardare genious, but understands that a system with 512MB of RAM, and dual processors is a must for him, he runs at least 10 apps and likes to leave all of his IE windows open constantly. Me, on the other hand, would benefit from a T-Bird w/ DDR or a Pentium IV, since gaming is my priority, and all I really care about is frames - and of course the best video card I can afford and consider reasonable.
G|T