The fastest will encode pretty fast, but so will the fastest Athlon.
In reality the difference is a benchmark statistic, not a significant number. If you have to wait 4 hours, does it matther if you wait 4 hours or 4 hours 15 minutes for example?
Regarding people giving times, this is entirely useless unless they are using the same application, the same video stream and the same settings. The video source, settings and app. will make far more difference to encode times than the CPU (within limits!)
An 1800+ is not shabby by any means, and although it is not the fastest, I don't think your money would be well spent upgrading at this time. First thing you should do is investigate all types of encoding programs and make sure you have the most optimal, try differet quality settings to make the best balance between speed and finish.
Then, if you can put a real benefit for yourself at spending $300 to get maybe an hour back per encode session, then go for it. After a certain point it makes sense just to batch them and let them run overnight and have them waiting for you in the morning.
-* <font color=red> !! S O L D !! </font color=red> *-
To the gentleman in the pink Tutu