No, if anything it could use a downgrade becuase you'll want a DX10 card in the near future. His card is fine becuase he can use it to step-up to an 8600 Ultra or 8800GTS later on when the new cards hit full force.
PLus that card is still very fast, I should know as I own one.
E6300 w/ Arctic Freezer Pro 7 @ 3.6ghz 1.4Vcore
Antec 900 Case
EVGA 750i FTW Mobo
4x1GB of G.skill DDR2-800
2 8800GT in SLI
22" Samsung Syncmaster
1 250GB WD and 1 Seagate 7200.10 in RAID 0
Corsair 520HX 3DMark06 Score: 13900