SATA means more room for growth.
Don't listen to THG. He smokes crack.
PATA sucks, it's outdated fragile and awkward setup with those ribbon cables. Serial cables are much less affected by interference. It's not hat parrellel stuff sucks, it's just that those ribbon cables are just outdated.
Anyways. As it stands right now SATA is NOT faster then PATA harddrives. But there are plenty of reasons to get SATA right now instead of speed. Future HD's will begin to be exclusively sata drives, and the ability to support more devices, the ability to use longer cords, and getting rid of the old master slave relationship were the master is controll of the cable and the slave's performance is reduced are just some of them.
Personally I would still get PATA drives because I am cheap If I had a choice I would choose SATA especially if I was into modding, in another year or so? Definately SATA. Any new motherboard you get it would be a good idea to make sure that it's SATA compatable, so you won't have to buy a extra adapter a 3 years from now when you want to use it for a file server and hook a couple cheap 300-400gig 10,000 SATA harddrives to it.
Anyways the current PCI buss is indeed 33mhz. However when we all get 64bit machines, we can get 66mhz PCI busses and 133mhz PCI-X busses, and enjoy the I/O performance that the current Mac G5's can get by default.
Current PCI = 133MB/s
64bit PCI-X = 1000MB/s
The fastest HD's IDE max out I think at 50-60MB/s. My WDC WD800BB (western digital 80gig 8meg 7200) HD, maxes out at 46 or so MB/s. Which isn't no slouch.
(BTW, not to nitpick, but I get confused on this a lot, too. MB/s = mega bytes per second. Mb/s = mega bits per second. big B = Bytes, little b= bits. SO: 10 MB/s = 80 Mb/s or so.)