mpilchfamily,
Yes, there are many flavors of Vista. If "normal" RTM of Vista Home, Vista Home Premium, Vista Business, and Vista Ultimate are ALL 32bit. You have to elect to install a 64bit version -- I have MSDN universal subscription so I can get whatever I want.
When you see the new games coming out soon, you will upgrade, everyone will upgrade, it will be the primary reason for folks to upgrade. IMHO, it's the only reason I will install Vista, but I agree, other than that Vista offers nothing -- this is how Microsoft "Leverage" their platforms.
FYI, there is no technical reason there can't be a DX10 for WinXP, Microsoft have elected not to produce DX10 for WinXP because they know that would significantly reduce their revenue from Vista sales.
Rob.