Apple took a nice step forward when it introduced the first Aluminum iMacs (iMac7,1) in August 1997. The logic board uses the Santa Rosa chipset, and it has an 800 MHz data bus, up from 667 MHz on earlier Intel-based iMacs. The CPU sits in a socket (Socket P), so you can upgrade it!
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We believe in the long term value of Apple hardware. You should be able to use your Apple gear as long as it helps you remain productive and meets your needs, upgrading only as necessary. We want to help maximize the life of your Apple gear.