Replacing a desktop W2k Terminal server with new Dell 2003 server and terminal server - do I need to purchase TS licenses

When I installed my W2K TS I purchased a terminal sevrver license pack and it turned out i wasted my money. With TS 2000 if the clients that are connecting are all 2000 pro or XP Pro they had a builtin license. The license was needed only for older 98/95 or XP Home. Is this the same with Windows 2003 with about 5 people connecting at any one time?
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Those links ^^ goes into all the detail needed on 2003 TS licensing.

For your MAIN question:

Removal of Operating System Equivalency in Terminal Server
With Windows 2000 Server Terminal Server licensing, if a client device is running the most recent version of the Windows desktop operating system, a TS CAL is not required to satisfy the licensing requirement. However, with Windows Server 2003, a TS CAL is required for each device or user using Terminal Server functionality, irrespective of which desktop operating system is running on the device.

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Windows Server 2003

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