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1) Is PPC a better architecture than x86, x86-64? ( desktop and/or server)
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Read
http://www.anandtech.com/mac/showdoc.aspx?i=2436 and judge yourself. I rather buy AMD 64-bit processors instead the costly G5.
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2) Will there be a G5 3 Ghz?
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I do not think so. IBM really made Apple mad because of their small business policy.
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4) Is there a good reason to get a PPC vs a x86? I've heard the apples do media like DVDs much better. What about on the Linux side?
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That is not a fair quote also it is too general. Do you mean video editing. Avid is optimized for x86 because Avid developers thought Apple will vanish. Linux does not have any good video editing program, but it does have DVD writing software and MPEG-2 encoders.
For +20 inch LCD displays, look at Dell's 20 inch LCD. Apple displays are incompatible with PC resolutions. You have to hit the resolution dead on to make Apple displays work.
I read many posts of people saying "oooh, Linus switched to a G5 and he loves it. I'll do it to." This is like saying "hey, lets jump off the clif because the other guy did it." I rather look before I leaping.