Quick question about motherboard

Just wondering what the best processor my motherboard would be able to support.
Right now I have a asus ipibl-lbhp.
Trying to upgrade as much as possible with very limited amount of money.
Just bought OCZ stealth stream 600w PSU and XFX 5750 video card.

would I be better off investing in a new motherboard and then later on get a better processor?

Specs as of right now are...
intel pentium dual CPU e2220 2.4
5gb DDR2 ram
64bit vista
300w psu
intel g33/g31 chipset
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More about quick question motherboard
  1. What I could find your best option would be the Intel Q9550 Quad-core CPU.
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