Before I answer, I'd be concerned now with someone-anyone-actually shipping S-ATA I drives. Those are still coming. S-ATA II is over the horizion.
And yes, you will have to buy a new board. But the dirty little secret of S-ATA is you'll have to even to get the benefit of the first generation drives.
Here's the deal: So far as I know, no chipset in production today includes S-ATA support in its core architecture. The only one I'm uncertain about is the new Intel Granite Bay boards. I know for a fact that the 845 boards, nForce2, KT400, and various SiS and VIA P4 chipsets don't have S-ATA support included in the core chipset.
This means a S-ATA plug on current motherboards is just an adapter sitting on top of an old-fashioned IDE bus. Even if you have an S-ATA drive, and even if it can generate 150MB/sec of burst, the moment it gets to the motherboard tracings it goes back to 100 or 133MB/sec.
BHD