It would be nice to see. I would also like to see a PRO-ish version of the iMac.
Mehem, there already is one. They call it the 24" iMac with the 2.8ghz Core 2 Extreme Mobile Processor. It's MORE than anyone would really need for basic tasks, and is also a pro processor, If I'm not wrong, Steve Jobs pointed out that the 2.8ghz iMac was for the PROsumer industry, I think he actually said that twice in the keynote.
As for the GPU fight. The Mac Pro has an AMD-ATI Radeon 2600 Series XT (standard), but apple put in 256mb of vram instead of 512mb.
The iMac (been established ages ago) has an AMD-ATI Radeon 2600 Series
Mobility XT. With 256mb of ddr3 vram.
The imac does not have a 2600 pro, number one is because there is no such thing as a mobility PRO, thats why apple adopted the 2600 mobility XT. the imac does not have a 2600 xt either, it has a the mobility version of that except with 256mb of vram. Apple is being gay and calling it a 2600 pro, they just don't want to get complicated with it real name, so called it a pro, and they also needed that because of the (at the time) future mac pro, they new they were going to put a 2600xt standard, and wanted to make money off the MP, as of these forums, was unsuccessful with their attempt to make people buy the MP cuz of the Vcard. Basically, Apple lied, and yes, you can sue. In windows, device manager shows it as the card above. In the mac/apple system (blah), its recognized as the pro. Apple just relabeled it like that. plus the model number (0x9583), has nothing to do with the pro, if you search, duh you will get results about the imac having a pro cuz everyone is talking about this confusion.
If you want info on the vcard in your imac look here:
http://ati.amd.com/products/mobilityradeonhd2600xt/index.html
for your MP:
http://ati.amd.com/products/radeonhd2600/radeonhd2600xt/index.html (except with 256mb)
And finally, the quad core discussion. We all know that HP's and stuff have Quad-cores, But have you ever tried compared a 2.8ghz amd quad (in a pc) to the 2.8ghz c2e in the imac, the mac os does not need all the processing power a PC does. PC's demand more processing power, especially for vista. I don't see any difference between my dual core and my friend's quad, there is, but not much, don't see any boosts, As a matter of fact, i think my imac is faster
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EDIT: this is what is in the iMac:
Mac Pro: