I say GO FOR IT! I am certain you wanted to get a new job anyway. Maybe you and the IT guy can go into business together after you both lose your jobs.

Seriously, this about the most foolish thing I have ever heard. You need to find a new IT guy.
I agree with the above, it sounds like he just wants a new toy to play with which, even if he knows exactly what he is doing and everything goes incredibly smoothly (not likely), it will now become his full time job to administer.