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Is it time to upgrade my laptop?

A guy in my apartment told me that he has bought a new system with 1 GB Memory. I was thinking whatz the big deal in that. Then he stressed the point 1 GB Graphics Card. I said wow. Do we need such a higher end machine? I have been happily using a 256 Mb RAM (no graphics card) laptop all these days and it runs XP pretty smoothly. Infact, this was the only laptop that was working well with the projector during Webcamp.

Do you think it is time for me to upgrade? If yes, any suggestions for me?

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