I'm not going to speculate, but the pentium 4 is still an immature processor: The pentium m dothan architecture proves this.
Right now you are not going to be waiting for a Pentium 4, but rather 64-bit CPU's. Intel is currently having problems with its commercial 64 bit wafers, but it should be here soon enough...especially when winxp 64 final is released.
Aside from the switch to 64-bit processing, the CPU is no longer the bottleneck on most systems: Gamers need a faster video card, artists need a faster cd/dvd reading/writing options, HD's need to become faster, so on and so forth. Don't forget the software problem too...a computer is only as fast as the programs that let you interact with it.
You would be more than safe to invest in a fast pentium 4 now...it will last you many years.
A 64-bit athlon is another good choice, and may provide you with more software/speed options in the (not-so-distant) future, compared with a pentium 4.
As I've posted in a previous message, I'm looking for a new computer. I'm not a computer buff in that I know a lot about what makes them work just that I like to "create" on them so building one on my own would not be possible. I wouldn't have a clue as to where to begin.
I've been advised to consider a Mac but unfortunately I have software that I will want to install on the new computer that would not be compatible. Also, on the occasion that I bring work home, my office computer is an IBM so that wouldn't work either.
What I hate doing, however, is purchasing a computer this month and the Pentium V be released next month. Does anyone "with their ear to the ground" know if this is going to happen?? My son works overseas in China and in a quick "catch-up" conversation, I thought that is what he mentioned but I'm not sure.
Thanks for your help.