sorry, I forgot to mention my specs and so on.
A64 3200+@stock (Venice)
Gig of PC3200
Gigabyte K8NS Ultra 939
FX5200
17" CRT
Antec 480W (not PCI-E ready

)
I do game a bit in my spare time, but I won't have much of that, this coming semester. I was originally thinking 2005FPW and 6800GT all the way. Then I thought of the possibilities the 2405FPW offers like component out, HDTV-capabilities (mmmm..), and the extra real estate. Ofcourse the only thing bogging me down is my need for a new vid card to drive the 24" and ofcourse the girlfriend factor

She would go BERSERK right now if I were to drop so much cash at one time on my rig. I think the only 2 real viable options for the moment are either #1 or #2 as you folks are suggesting. THanks for the input folks.
*forgot to mention the figures i'm looking at*
I can right now get a brand new 2405FPW locally for $780. The 2005FPW right now is $400+ from dell.com and a 6800GT(AGP) will run in the $230-250 range. But PCI-E is in the back of my head, haunting me.