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Squilliam said:
How about this:

Antec Sonata III with 500w PSU $99

EVGA Dual slot 9600gt $110 or $170 for 4850

GIGABYTE GA-EP45-DS3L LGA 775 Intel P45 ATX Intel Motherboard - Retail $108

Intel Core 2 Duo E7200 Wolfdale 2.53GHz LGA 775 65W Dual-Core Processor Model BX80571E7200 - Retail $120

Total $450 Shipped or $510 with extra room for a HDD/Ram

Im pretty sure that your Power supply will be too old for the new Core 2s so getting the new Antecs a pretty smart move as they are well designed cases.

Umm, an 8800GT is stronger than the 9600GT and it only costs $120 and it comes with Frontlines: Fuels of War free. Also, that is so not a budget PC (at least within my budget). My selection will only cost me $380 and I will a relatively capable PC.