What resolution are you gaming at? What games are you playing? GTA4, Arma2 will definitely benefit from a quad core.
I think your greatest bottleneck will eventually be your 2GBs of ram on that G31 board, if it isn't already in some games.
Sell your current ram for $15 and get
4GB Corsair DDR2-800 for $47. This $30 upgrade is the first thing you should consider.
CPU wise, check out some numbers in this article on CPU scaling with GTX295 to give you an idea of what CPU limitations are there with a card much faster than yours
http://www.legionhardware.com/document.php?id=807&p=3
From that article you can see that more or less your videocard is a good match for the processor. Latest games are often more GPU limited than CPU limited (especially since you have a 3.0ghz quad). I doubt you will see tangible performance difference between Q6600 @ 3.0ghz and E5200 @ 3.7ghz (unless it is multi threaded in favor of the quad). Of course as per my Resident Evil 5 example below, a faster processor will net you more frames, but if I wouldn't consider that improved playability. Also, you once you increase AA in games like STALKER: Clear Sky and Crysis you will be more GPU limited.
Yesterday I ran Resident Evil 5 benchmark on a 4890:
Fixed benchmark
Q6600 @ 3.4ghz 1680x1050 0AA = 57.8 fps
Core i7 @ 3.9ghz 1680x1050 0AA = 106.0 fps (83% faster)
Q6600 @ 3.4ghz 1920x1080 0AA = 54.6 fps
Core i7 @ 3.9ghz 1920x1080 0AA = 94.7 fps (73% faster)
Q6600 @ 3.4ghz 1920x1080 4AA = 55.1 fps
Core i7 @ 3.9ghz 1920x1080 4AA = 80.0 fps (45% faster)
Core i7 @ 3.9ghz
75.8 FPS Fixed Benchmark 1920x1090 8AA
77.2 FPS Variable Benchmark 1920x1080 8AA
But you can see even getting 55 frames average is pretty good for smooth gaming in a 3rd person game. There really isn't a need in all games to have 60 frames smooth. I guess some people want that as a minimum.
Also Q6600 has 8mb of cache vs just 2mb for E5200. So in the end I think the 700 mhz advantage is really like 300.
Are you motherboard, cpu or cooling limited on that Q6600 overclock? Usually they can do 3.2-3.4ghz up to 1.40V (G0).