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I just built an $800 system (well, $797, close enough). From scratch I got..

A case
500 gig Hard drive
4 GB RAM
Intel e8400
Radeon HD 4850
CDDVD drive/burner
A 23" HDTV (720P)
keyboard, mouse
Operating System
CPU fan
motherboard
wireless network card


Gotta love the holiday deals!