Would it be better to stick with DirectX 7 or DirectX 8 with a GeForce 2 Ultra. It doesn't support anything for DirectX 8, does it? Hell, I just don't know.
Im not positive but I am assuming that since the new drivers support DX8 that the card would too. I run a GF2 Pro and use DX8.0a and have no problems so im sure your ultra can do it. You can hold off if ya want, but sooner or later you will have to upgrade the dx because a lot of new games will require it.