Regardless of what your experiences have been with Windows in the past, traditionaly upgrading the OS of a Mac has resulted in a faster computer. Apple has consistently made noticable performance improvements with each new release of Mac OS X. And the focus of the next OS, Snow Leopard, is on increasing the performance and reducing the storage requirements of the OS. In addition to the performance improvements you’ll find, there are over 300 new features in the current OS, Leopard, that will will save you time and generally improve your experience. Three big ones to highlight are Quick Look, Time Machine, and Spaces.
The bottom line is… Don’t be afraid of upgrading your Mac OS. Just make sure you have a recent backup before doing so – as you should with any computer.