Thanks all for the advice. However, I think some are misunderstanding. If I were to decide to wait till fall or x-mas, it would not be waiting for a better model, but rather for the price on the current rebel to drop a few hundred so that I could use that saved money on more accessories (like a decent lens), as I am on somewhat of a budget.

I think I'm quite comfortable that the current rebel is all I need for now, and probably a while. I think it's still worlds above any of todays point-&-shooters. I just wish it was a LITTLE closer to my budget so that I didn't have to go over my original planned $500 by TOO much ($500 was originally before I knew there was something so much better than a $500 p&s, and I didn't realize how much it was going to take for such image quality).