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It doesn't matter to me. It's all about sitting around the table and getting some face time with my friends. If 4e does that, great. If it's still 3.5, thats great too. That being said, I am getting a nice warm feeling about 4e based on the information currently available.
Based on what I have seen of 4e so far, I doubt that I will run any 3.5 games after release, but I will be totally happy to play in them if other members of my group remain more comfortable with it from the DM side of things.
Play? Sure! But then I will play just about anything.
Run? No way! I am counting the days until I can finally put 3X behind me as a GM. I have some great players, but the game I'm running at the moment is extremely frustrating to run, and not that much fun (although it does have its moments).