I've been keeping an eye on the price of DDR3 as my next PC will be DDR3 based, and a couple of days ago most sites slashed their prices by 30 quid or so.
very little. They have more MHz, but the timings would paint a terrible picture. The timings don't make as much difference on Intel, though, and theres something i dont quite understand about RAM that means its not quite as bad as it looks.
TBH i chose a terrible kit. Spend an extra £20 and your looking at CAS7, although imo DDR3 is only really suitable for the DDR1600, uberfast kits.
the latency also depends on the (effective) clock of the rams
the formula is latency = (2*timing)/clock
so a cas 2 ddr1 module at 400mhz will have the same latency as a ddr2 module with cas4 at 800mhz