Upgrade or New Build??

Ok so im currently running the following;

Athlon 64 X2 3800+
MSI k9N Neo-F - nForce 5200 - AM2
ATI Radeon X1950 Pro 256Mb
2Gb Patriot High Performance DDR2
250Gb Seagate Barracuda
550W PSU

My CPU is struggling with running multiple programs so its time for an upgrade. I was looking at either putting in a better compatible CPU for about £60 or getting the E5200 and a new MoBo for about £100. Any recomendations??

I also play games and would like to start playing the new games so was thinking that next month im going to need a new GPU too. Would you say that the minimum upgrade from where i am is the HD4850 512Mb for £70?? Any recomendations?? I was also looking at the HD4870 1Gb for £115 but am i really going to need that much power

Just looking for advice on where to go from here. Thanks all
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More about upgrade build
  1. My $.02 (srry this won't be in pounds)

    MB: http://www.newegg.com/Product/Product.aspx?Item=N82E16813128392
    $80 Gigabyte GA-MA770T-UD3P
    CPU: http://www.newegg.com/Product/Product.aspx?Item=N82E16819103649
    $120 AM3 X3-720
    RAM: http://www.newegg.com/Product/Product.aspx?Item=N82E16820231179
    $65 G.Skill DDR3-1333 2x2GB

    As for a vid card, have a look at the 4850, if you don't want to spend so much on the 4870.
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