Replacing the shutter assembly, which I am almost sure is the cause for the error code, should cost me about $139 from a camera repair shop specializing in this work.
Should I do it, or should I sell it on eBay for parts for around $125 and buy a used 30D/40D?
I don't want to spend too much, as I already have too many other dang cameras (mostly due to POTN crazy friends (aka "pushers" or "enablers").
This camera is a really nice and dependable camera and I am somewhat fond of it. 
A decent 30D will cost me at least $350 and a 40D will cost around $475, so that means an additional outlay of $225-350.
What do you guys think?
I am not a pro photographer, but I am wanting to use this body to photograph the birth of my niece. Then again, even if this camera completely craps out, I've got a 350D (Rebel XT) body as a spare and also plenty of G-series cameras to tide me over.
I figure spending $139 for a new shutter should let me use this camera well into the future...maybe for another 3-5 years.
And yeah, I don't mind only having 8.2 megapixels, when they are of high quality and you can do this with them:
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