Hi Dan,
I have had a 27" iMac for three years and still feel like it has plenty of power. I upgraded to the i7, but not sure if that was necessary (no way to compare). I tend to go for the upgrades just because you can't later, and if it helps extend the life of the machine probably justifies the extra cost. The Fusion drive sounds great, but no prices yet?
AC19(9001), 27" iMac i7, 12 gb ram, ATI Radeon HD 4850 512mb, OS 10.12.6