1155 or wait for 2011?

if you enthusias gamer wait to LGA 2011 / SB-E and see review performance .. it's better for you
if you ran middle you can buy i5 2500K / LGA 1155

LGA2011 is going to be expensive.

The 2011 socket is a replacement for the 1366 - the top of the line. The first 3 CPU are (1) quad core [4 cores, 8 threads] and (2) hexacores [6 cores, 12 threads]. The quad core ~ $300 is locked so you can't really overclock it. The first 6-core CPU has a limit unlock so you can overclock it but it is going to retail around ~ $500 when it comes out, that's just the CPU. The last one is around ~ $1000 and is fully unlocked 6-core CPU as well.

The 1155 will not be replaced by the 2011 socket because it is targeted towards the performance segment. The CPU for this socket however will be replace. Currently it uses the "sandy bridge" range of CPUs which will be replace by "Ivy bridge" around the first half of next year. It is also suggested that the 1155 socket motherboard can be used with the new Ivy bridge CPUs with a BIOs update.

Your Q8800 should still be a pretty good CPU as long as you overclock it. Is this for gaming? If so what graphics card are you using?

It is for gaming. Currently, I have the nvidia gtx 580, but it is bottlenecked by my PCIe 1.6 slot.

Well, if you buy socket 1155 now, you can upgrade to Ivy Bridge in the 2nd half of 2012.

Hmm never heard of a PCIe 1.6 slot are you sure it isn't 1.0 or 1.1?
In either case there isn't much of a performance difference between PCIe 1.0@x16 and 2.0x8. As long you are only using one PCIe slot on that motherboard.

Did this system have another graphics card installed before it and did you remove the old drivers with something like driver sweeper?

Is your CPU overclocked?
What power supply are you using?

Ivy Bridge will be a mainstream consumer level cpu. on z77 chipset. its not out to fully replace sandy bridge.

also, the x79 socket will have have native pci 3.0 and will allow for 16x/16x for dual grafix cards.

Yes, it did. I had dual 8800GT's SLI. I currently don't have my CPU overclocked, and I'm not entirely sure of the make of the PSU, but I believe it is a 1000 watt. I bought this computer from Alienware. And a correction to my CPU, it is the Q6600, I always get it mixed up with my older graphics cards  . I just bought an SSD and win7, so everything was wiped on my old drive. Also, I looked up the specs online a while ago to my mobo and it said the PCIe slots were 1.6. Now I could be mistaken, I'll have to double check that.

I think the CPU is holding your graphics card back not the PCIe slot.

You could try overclocking your CPU to about 3.6-3.8GHz, if you don't have an aftermarket HSF already you could get a hyper 212+. You can also reuse this in your next build it supports:
Intel: Socket LGA1366 / 1156 / 1155 / 775
AMD: Socket AM3 / AM2 / AM2+

Alright, thanks for the help. Seems like waiting for 2011 is what I'm gonna do.

if i were you i would grab an Asrock Z68 Extreme4 Gen3 and i7 2600K, that mobo has PCI-E 3.0 and will support ivy bridge. its a great OCer too http://www.vortez.net/articles_pages/asrock_z68_extreme...

there is no use to wait for lga 2011 if you are a gamer because most games uses between 2-4 cores, unless youre gonna run some simulators or something that will use all the cores the LGA 2011 CPUs has to offer.

neither do you need quad channel memory. its just a waste of money imo!

Stay away for Asrock! This is great Motherboards as long as they work. Mine worked for 2 months and died; powers up but, will not go into post. After a week of attempting to contact service, I got an RMA. Nine day later received the the same board back, with the same problem.
Asrock will not contact me back. so don't be A Sucker don't trust Asrock

Why new asrock won't post ?

Is it confirmed that x79 will have PCIe 3.0? I thought I read somewhere that it won't.

As I stated before, it had been working for 2 months and just quit. I have a locked I7, so the system can’t be over clocked.
The biggest problem is AsRock. The board has been returned to AsRock and shipped back to me unrepaired. What good any warranty when company return the same broken part, tell you its fixed and will not contact you back.
And yes the Power Supply, CPU, Memory and Video card have been tested and work fine.

I can't confirm x79 will have PCIe 3.0 but as you can get mobo's with z68 chipsets with pcie 3.0 it seems logical that newer ones would support it.

go for LGA 1155 dont wait coz the wikipedia page says it will utlize 20mb cache beyond 8mb limit of LGA 1155 u dont want to suffer more looking at 500$ cpu's from intel

Right but the z68 mobos with PCIe 3.0 need an IB cpu to complete the package.
Z68 with PCIe 3.0 paired with SB cpu, you only get PCIe 2.0.