In terms of the OP question... I'd wait unless you NEED the machine now. Updates seem imminent, and even if they're merely evolutionary, why not get more computer for the same or less money?
Besides, there's no guarantee that the next round will have some of the blockbusters we're expecting (LED backlighting, ss hard drive option, blu-ray, higher res screen). It's worth waiting to find out.
Personally, I'm set on getting an MBP, but not until at least a couple of the above materialize. Because I don't have a TV, a blu-ray player would be a big deal to me. But then, I'm actually set on computers as the ones I currently have work adequately for the next 2 years or so... This would be a luxury purchase.
EDIT: Will's right about the likely coolness of 10.5 - but that shouldn't be a deciding factor. Obviously you can upgrade later. A lot of people will wait for the 10.5.1 release. Besides, boot camp is available in beta now. They're dropping support soon, but I think that is because it'll be officially integrated into the system and likely even sweeter with Leopard.
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Cogito ergo spud -- I think, therefore I yam
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