So.. if budget is a budget (as You say), there's no need to platform change.
Go for Q9550 - if your motherboard support Wolfdale, it would support Yorkfield as well. It's 53 pounds on Ebay only. And it's all you describe as "throwing away money". It will be better than Pentium K, and even more better in online games, should be overclockable well as well upto 3.4 GHz depending on motherboard and cooling you have (with no voltage raise). Buy 280X and wait until funds raise up to some sensible upgrade (but then you'll have 280X already, and will get money back from sellin Q9550). Buying Pentium K it's not an upgrade IMO, sorry - stick to 4cores.. Or - at least - don't buy only new stuff (due to a budget!) - but buy some P67/Z68/Z77 platform, or even cheapest H61 - but then you won't overclock non-K CPU, might be B-Grade from OcUK, and pair it with used CPU like i5-2300/2400/33xx/34xx/35xx + new card like Radeon 280. CPUs don't break so often like GPUs, so buying used non-K CPU is worth the shot. BTW, what is your motherboard ?
Go for Q9550 - if your motherboard support Wolfdale, it would support Yorkfield as well. It's 53 pounds on Ebay only. And it's all you describe as "throwing away money". It will be better than Pentium K, and even more better in online games, should be overclockable well as well upto 3.4 GHz depending on motherboard and cooling you have (with no voltage raise). Buy 280X and wait until funds raise up to some sensible upgrade (but then you'll have 280X already, and will get money back from sellin Q9550). Buying Pentium K it's not an upgrade IMO, sorry - stick to 4cores.. Or - at least - don't buy only new stuff (due to a budget!) - but buy some P67/Z68/Z77 platform, or even cheapest H61 - but then you won't overclock non-K CPU, might be B-Grade from OcUK, and pair it with used CPU like i5-2300/2400/33xx/34xx/35xx + new card like Radeon 280. CPUs don't break so often like GPUs, so buying used non-K CPU is worth the shot. BTW, what is your motherboard ?
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Will upgrade the CPU as the years go by.

