I would recommend the SSD idea as well. SSD will speed up the system considerably.
I support adding more RAM for virtualization but that's about it where extra RAM is going to shine.
I would hold off on the CPU + Mobo at least until LGA2011 receives the Ivy Bridge treatment and use that money towards 7950 or even 7970 even if it involves virtualization. I don't think the price you pay for the performance gain will be very marginal.
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