If I were you I'd really wait until September / even mid September.
It is rumoured that they are going to update their Macbook Pro's and Macbooks - maybe both. So there is a chance of Apple updating the iMacs a bit [processor maybe?]
I would wait just a little bit to be on the safe side, September is coming soon.
But if you really are desperate...
I don't think they'll upgrade the iMac's in September to be honest, when the expo does come around I believe they'll be focusing on iPhone sales etc + extras and a refresh of their laptops.
New platforms for both Pro and MacBook (with new design). Also an updated MacBook Air.
Btw its iMac and Mac (As apposed to iMAC and MAC) but that's just being picky... The guide in 2nd post is a good guide but its hard to tell however they did only just release iMac's back may, I always say if you're happy with it at the time then it shouldn't matter if some thing new comes out later, your machine doesn't become insta-crap because its not the latest thing and you can do what I did which is decided on what I wanted then waited the the new model and bought it on release day top spec and it will last years. Get Applecare though!
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