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Want to be able to burn MP3s
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You can do this with Windows cd burning software and Razorlame.
The big reason to upgrade is increased track counts, increased inserts, and increased virtual instruments.
I don't have Cubase 4, but I do use Cubase SX3 (the big boy from about a year ago). The included plugins are very useful in many situations. I use quite a bit of 3rd party plugins too, but I only consider my 3rd party plugins "different' and not necessary superior.
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Not using surround sound now, but who knows?
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"Who knows" means it is a non factor. It sounds cool, but I've had SX3 1.5 years now and I'm nowhere near doing a surround mix.
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Media Bay and control room feature..not sure if I need it or not...
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Useful, but not the selling point of the upgrade.
Brandon