1. The IDE drive upgrade. It will be much faster but not as fast as in a new computer
http://www.barefeats.com/hard5.html shows that it lags to about half the speed of G4 tower. So expect a speed increase but not parity with current offerings.
The CPU and graphical card upgrade
You have a 7500/200 with 256 L2, 512mb, and 2gb SCSI drive
I have a 7500/200 with 512 L2, 224mb, and 2gb SCSI drive with a Voodoo 3 200 card. My setup is as fast as a 7300 with G3/400 in graphics but the CPu intesive stuff is lagging. In a 7200/90 the Voodoo card make no difference in graphics speed (CPU limited)
So even in your current setup a ATI 7000 card would be a boost 50 % or so in scrolling etc. The G3/500/512 for 149 dollars look really nice and would be big boost for your computer. Unless you intend to do a lot that is altivec enabled I would stay away from the G4s.
To get the room for a full 10.2 and some applications you have to upgrade the HD. I installed 10.1.5 on my 7500/200 it was slow but usable and on the 2 GB HD I did not have room for priner drivers or much of applications so 4 GB or so is the minimum.
But if you do not have IDE drive for free you might be better of with a SCSI. OWC sell a IBM 9 GB drive for 50 dollars, 4 MB cache and 7200 rpm. The current one you have is probably with a 256K cache and 5400 rpm, substantially slower than the IBM.
A IDE card is 55 dollars and then you need a disk as well.
With a 50 dollar disk and a 150 dollar card you can run 10.2 at a decent speed. However I strongly suggest that you get a ATI 7000 card for 130 dollar or so it will give a tremendous boost. Even with a 200 MHz 604E processor the graphics is lagging and even more so with any G3 upgrade. I would rather run a 7500 with a 350 MHz G3 and the ATI card than a having a G4/800 upgrade and no ATI card.
I have tried a B&W G3/300 and the 7300/G3-400 side by side and the B&W felt more responsive due to the slow screen redraws on the 7300.
So my recepie for a hot 7500
1. get a ATI 7000
2. Get a HD ( IBM SCSI disk or the cheapest IDE card if you have a free IDE disk aviable
3. Get a G3 upgrade. G4 is not worth the extra expense
4. To add some icing get a USB card and a optical mouse and a USB pen drive (will be useful in you next computer as well)
If possible try out OS X on a B&W G3 with at least 192 MB RAM this will give you an estimate of the speed you can get of a 7500.
Good luck
