http://www.apple.com/pr/library/2008/04/28imac.html

CUPERTINO, California—April 28, 2008—Apple® today updated its all-in-one iMac® line with the latest Intel Core 2 Duo processors and the most powerful graphics ever available in an iMac. With prices starting at just $1,199, iMac includes faster processors with 6MB L2 cache and a faster 1066 MHz front-side bus across the entire line, and 2GB of memory standard in most models. The 24-inch iMac now offers a 3.06 GHz Intel processor and the high-performance NVIDIA GeForce 8800 GS graphics as options, extending iMac’s lead as the ultimate all-in-one desktop computer for both consumers and professionals.

“The iMac’s gorgeous aluminum and glass all-in-one design has been an incredible hit with our customers and is just one of the reasons Mac sales are growing three and a half times faster than PC sales,” said Philip Schiller, Apple’s senior vice president of Worldwide Product Marketing. “With the latest Intel processors, a faster new graphics option and more memory, customers now have even more reasons to love the iMac.”

Very cool, bringing new updates to the iMac has to be a good thing, the option of a better video card brings extra functionality and possibilities for the platform, couple that with the 2GB RAM and it’s a powerful home/office pc. I’ll need to read up more.