On the other hand the updates might not continue to run on your existing hardware. Lots of people still run Windows 2000 even though XP Pro has been out for over 4 years. XP is quite a bit slower and offers very little benefit over 2000. Subscription updates might just overload your existing system and force a hardware upgrade anyway.
I won't make any categorical statements on workstations - de gustibus non est disputandum - but I can state with fair confidence that W2K3 server is an improvement over W2K server, even advanced server. For one thing you get to run W2K3 Active Directory as a consequence, which is definitely an improvement over its predecessor.
As for the workstation OS holy wars I remain dispassionate. I have to support them all anyway.
It really depends. You can kill all the XP eye candy* and shut off new services to get some speed. And then there's the fact that 2000 can't take advantage of Intel's SMT ("Hyperthreading").
* And not through the desktop properties. Actually disable the Themes service.