Anable
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According to this web site, the new ATI R420 AND the nVidia NV40 should both be released around the April/May time. Both cards supposedly supporting the new PCI Express format which some say will double existing framerates.
To help clear up any misconceptions, the PCI Express is only the connection between the video card and the motherboard. While AGP 8x is significantly "slower" in terms of bandwidth than PCI Express is, you have to realize that there isn't a single card out right now that comes near filling up the pipe that AGP 8x is supplying. The only way you're going to see "double frame rates" is if the video card itself is extraordinarily better, not just the slot it plugs in to.