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Are you sure? There is a significant difference between 16x and 4x when i ran 3dmark06
Bandwidth is a bit of a marketing thing really. AGP is actually still current in bandwith terms and I think its only beeten out in things like peaks for the synthetics. Don't think you would notice it in actual performance. PCI-E just offers more functionality, Dual GFX, Expansion slot unification etc. The best advance in PCI-E from AGP and PCI-E 1/1.1 to PCI-2 is probably the extra power It feeds the card. Its always best to but the most recent kit though so long as there isn't a silly premium on it... DDR3 anyone?
Because AGP 8x is faster than PCI-E 4x in 1 direction but not when Bi Directional.
There was a new faster AGP due but they wanted to sell you 2 GPU's so brought back SLI, which was old tech from the company they bought over years before.
Infact someone here claimed AGP could be made work with a SLI type set up (no clue on that myself)