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I'm really looking forward to Magmortar and Electivire evolutions. As such, I am holding back on powering up my Magmars and Electabuzzes. They provide good aid for training gyms though but not opponent battles as there are just a lot of other better alternatives.
Rhyperior is a different case as Rhydon is great to power up based on the current meta game because of the high CP potential for gym placement.
Magnezone could wait as Magnemite is in the right position for both training and competitive battle regardless of the CP.
And yes, I am totally stoked about Gen IV evolutions.
Me too, I've just had some amazing 10km hatches today! And it has expanded my pokedex massively! Soooooo excited and for the legendaries..I'm going to do a couple of videos on YouTube to cover my progress. So watch this space!