CONGRATULATIONS! Slowly, more and more people are replacing their Mac Pro CPUs as Apple provides fewer and fewer options. What kills me is that the move to Intel was supposed to quicken our upgrade cycles to the latest and greatest, but that hasn't been the case. There is no reason why Apple could not offer the Core i7 975 in the Quad Mac Pro at a respectively lower price. There is also no excuse for Apple to not be using the newest and fastest parts. At the time the Mac Pros were released, only 2.93 GHz parts were available. But now, for the same cost, you get 3.3 GHz parts. Why hasn't the Mac Pro been upgraded to reflect this? I'll never understand. But I am grateful that they've allowed us at least SOME upgrade path here!
By the way, if you ever decide you need 8 cores all you have to do is order a new processor tray and heat sinks from any Apple parts place on the internet. The cost is a little high, but if you really need the upgrade it's much less expensive than buying a new Mac Pro. You can't use two Core i7's, since they lack two QPI interfaces, but you can keep your existing memory.