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Poweredge 2950 II vs III

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Hello,

I'm thinking of picking up an PE 2950 to use for a number of purposes.  A storage server, and virtulization for home use.  Before I go into my question I just want to say I am aware this is an older server, and can be quite loud - neither of these are an issue as the server has its own area it will be stored with adequate cooling and noise isn't an issue is this area.  Out of sight, out of mind.

My question is:

A: What is the difference between the PE2950 II and the PE2950 III?  

B: If I were to pick up a 2950 II would I be able to upgrade the processors to dual Xeon E5440 or E5550?  

I have the opportunity to pick up a PE2950 II for around $150 but it has Xeon E5320's in it and I'd like to push the processing power a little higher.

thanks for your assistance!


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