My questions would be:
- can my data on my NTFS drive be handled properly on OSX?
- what is the OS upgrade policy at Apple? When is the new 10.5 due to be released?
As noted, OS X (10.3, a.k.a., Panther specifically) can read NTFS volumes. However, since 10.3.5, OS X has "limited" write capabilites to NTFS volumes. What does this mean? It means that it doesn't work very well, but we like to give people the idea that it sort of works... that it MIGHT work sometime. If you want to use your PC volume "seemlessly" with your Mac and a PC, the volume should be formatted with FAT32.
If you bought a Mac right now, it would come with 10.3, not 10.4. 10.4's release date hasn't been officially announced yet, but it's possible that if you bought your Mac after April 1st, that you'd get a voucher for a free upgrade to 10.4 (a.k.a, Tiger).
10.5 (Lion? Orange Tabby? Who knows..) is in the far, far, far future.. think early 2007 or something. I wouldn't sweat thinking about 10.5.