Success with IUI is highly dependent on the cause of infertility and if the IUI solves for the problem. At 31, it seems like a great thing to try (success rates are much higher at 31 versus 41, for example). It's relatively low cost and easy, so trying it for a few months while waiting for other things seems low commitment. With borderline PCOS, you may be at higher risk for twins, so just make sure you're closely monitored.