>>> I know that we will have to rewrite anything that we have
>
>Don't you still lose the ability to use views, stored procedures,
>triggers and custom functions with the latest versions of MySQL? 

4.0.x, using InnoDB tables gives you transaction support.
4.1 supports subqueries
5.0 (alpha) supports views, stored procedures and triggers

Years ago I converted some large applications SQL Server 7 to MySQL 3.23 and 
saw immeidate speed improvements. 

In January, I released an enterprise application for a large financial company 
using CFMX 6.1 J2EE and MySQL 4.0. We were originally going to tie the 
application to an existing Oracle 8i database, but fortunately went with MySQL 
for reasons I can't go into. I was able to easily migrate 4 years of data from 
Oracle to MySQL thanks to its transaction support and CFMX's XML handling.

The speed of MySQL 4.0 over Oracle 8i is also very noticable.

HTH, 

Adrian

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