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If you're expectinjg to step up in tax brackets in a future date, a roth can work wonders. You can essentially pay 10-15% taxes on the income and stuff it away for when, later, you're in a higher tax bracket.
Right now, roth and regular IRA would probably be fine either way, since congress and the pres are messing with the tax rates so much. Who knows where the rates will be in five years? Anything into retirement is a good thing, if you can afford it.
Also, you have until the due date of your return to contribute, so making contributions to a regular IRA now can reduce your 2003 tax bill if you've found some messy penalties and interest.
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