I'll break it down for you;
Revision A; Was the first model iMac G5 released just over a year ago. This model (from first hand experience and written reports), has been marred by heat issues, noise issues, and horribly faulty power supplies. In fact this model had so many problems that it caused Apple to extend the standarad waranty on it by a year. I myself had this versison and it broke down on me 5 times, eventually being replaced by Applecare, out of waranty, with the new iSight or Revision C model.
Revision B; Was Apples attempt to correct many of the issues that plagued the first version of its new G5 iMac. Although the main problem with the model was internally where the parts of the computer were placed. This model is identical inside to the first only with a few more bells and whistles AND a light sensor to dim the sleep light, which many users complained was far to bright in a dark room. This model had the same issues with heat, noise and power that the first did.
Revision C; this model is the current model also being reffered to as the iMac G5-iSight model. This model saw Apple COMPLETELY redo the computers internals and much of the computer was changed. All the heat creating internal components that were at the bottom of the computers case in Rev A and B were moved to the top of the case nearest the vent. IMO this is the single most important thing Apple did to create a cooler iMac G5. Instead of the power supply, the G5 processor marinating the motherboard with the heat it created the new model flippep everything around sop the heat had an easier time to escape.
This model, so far, and from first hand knowledge is a much more viable G5 computer for Apple. The outside case anywhere you touch it is cool to warm. The first 2 models had places on the outsude of the case that were literally warm to HOT to the touch. Not only did Apple add evereything to Rev C that was an option in the first two revisions but it totally redid the placement of the compnents inside the computer.
The first two revisions were user accessible. Meaning that if something broke down and needed replaced APple had the option to send you the part for you to replace yourself. The iMac G5 iSight is not like this. The case is now sealed by screws that only Apple has the tool to open. Memory is now the only thing you can safely upgrade yourself.
I would suggest that if you are going to buy a new iMac and dont want to have the problems that are almost inherrant with the first two revisions, I would suggest you get yourself the newest iMac G5, the one that is revision C or the iSight model. Quiet, cool running, and stable, the newest iMac G5 is finally the computer that I had hoped for when I bought the first rev. almost a year ago. The new one has been completely redone inside and out. Heres a link to look at the insides first hand and see just how much has been changed about this model.
http://babelfish.altavista.com/babelfish/trurlpagecontent?lp=ja_en&trurl=http%3a%2f%2fwww.kodawarisan.com%2fimacg5isight%2fimacg502i.html
Good luck in whatever you do. If you get yourself one of the newest iMacs youll love it. I am so happy with mine! So much to love about them!