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snakenobi said:

I will be using it for :


Video Games

What kind of games? Anything in particular you want to play
Video Editing

What resolution and length are we talking?
Wireless File and Date Transfer to PC - Android with bluetooth to PC

what kind of  existing wireless infrastruture do you have (modem/router etc)

 

 

Some Question's from my side :

CPU :

Xeon gaming and normal apps - How is Xeon on Gaming and Normal PC applications?
i7 Extreme Sandy Bridge - Is this required for my usage and will it be worth it?
Core i7 First Gen Core systems - So Sandy Bridge Extreme Processors are very expensive but 970 and 980  6 core Westmere CPU's cost only $500.Is that a bargain and Is buying 1 year old processors good?

i7 2600K - Will this be enought for me?
i5 2500K - Will this be enought for me?

Core vs thread - so AMD vs Intel,AMD provides more Cores but Intel does threading.Whats the difference?
Duration Without Update - How long each of them will be enough to perform the heavy task applications,2-3 years?

2600K will be slightly better than the 2500k for video/audio encoding but have no real impact on anything else, the 2700K is slightly better again but for video encoding nothing out now beats the 3960X/3930K and if you are going to be encoding a lot of 1080p video (hours of video) it may be worth investing in but it's really really expensive. How long it will hadle heavy tasks will depend on the tasks, if the tasks stay the same yes but if you are planning to move to movie making with a 4K camera in the future you will want to upgrade.

Motherboard :

Sound Card - Is it Required or Motherboard will take care of it
Wi-Fi Card - Is it Required or Motherboard will take care of it
Blue-tooth Card - Is it Required or Motherboard will take care of it
SATA 3 and PCI-E 3
Duration Without Update - How long will this be enough to perform the heavy task applications,2-3 years?

All depends on the board, some do, some don't

RAM :

Channels - How many channels is good?
Speed - Whats the difference between different 'mhz'?
Duratin Without Update - How long will this be enough to perform the heavy task applications,2-3 years?

Channels depends on the CPU and Mobo, more is better.

Mostly irrelevant for DDR3 today, higher you go lower the increase in performance and much higher cost.

RAM is easy to upgrade and cheap

GPU:

Cores - I read this when checking out Nvidia Cards,they have 100's of cores.What do they mean?
Speed - How much is good as in 'hz'?
Bandwidth - How much bandwidth is good?

None of those tech speks really mean much on their own, look at benchmarks and reviews
Duration Without Update - How long will latest GPU's be enough to perform the heavy task applications,2-3 years?

Again depends what you plan on doing with it

Also note that modern video editing and encoding can utalise high end GPUs to accellerate  encoding so can be important even if you don't plan on heavy gaming

Display:

What Aspect ratio should the Display have as WEB is designed 4:3 and many movies have 21:9 ratio.

16:9 will be cheapest and best for video work, it's basically the standard these days and even the web is moving towards widescreen, but if you are planning on working on a lot of text then 16:10 may be a better choice
Do the multidisplays connection to GPU share resolution in output of do they have 2 x resolutions coming out of GPU?

Depends on the card and configuration

Heatsinks and Coolers:

Are liquid Coolers really required?

No, unless you plan on heavy overclocking or don't want a lot of fan noise 
Fans vs Liquid Coolers?

Fans cheaper require less maintanance and come standard with most components, Liquid is usally quieter and offers better cooling
Are heatsinks required?

Yes but they are included 
What all components can and should have heatsinks and cooler?I see them on RAM these days

Wireless :

Wireless Headphones,Keyboard,Mouse,Router - What does range in 'HZ' mean

Ignore this value, focus on the wireless spec 802.11g/n etc, get n devices it's the newest, best fastest spec.
Will different wireless technologies interfere with each other?

Wi-Fi is compatable with older Wi-Fi specs but will use the slowest type connected, other specs like bluetooth aren't compatable with each other

Speakers and Headphones - Standard - What do different Standards like dolby,true HD differ?
Power Supply - How Many Watts Should my Power Supply be and what all Sockets Should it have?

Depends on what hardware you are getting, best not to skimp on power supply tho
Keyboard - Do i need to my two keyboards? Ergonomic keyboards for typing and SonyApple Wireless keyboard or just one?

Personal prefference, whatever you are comfortable with
Mouse - Do i need to my two mouse? Ergonomic mouse for gaming and MicrosoftApple touch mouse or just one?

Personal prefference, whatever you are comfortable with 
Optical Drive - Should I buy a Blu-ray Drive?

Do you plan on watching/burning Blu-ray?
Webcam - I Don't Video Chat much and have iphone as a video chat,should it buy one?

No, seriously man why so many stupid questions? All this stuff is down to you no one else can tell you if you need it, if you don't think you are going to use it don't buy it, you can always change later
Printer - I make alot of notes and i like them clean and formatted but should i go far to buy a printer on do it on paper and phone

same as above 
Tablet or netbook or ultrabook - I have an iphone 64gb and will have a good PC.Is there a need for medium screen portable device?

again the same, probably not but I don't know you or what you do so who knows

 

It's best to work through these things step by step, first decide what kind of CPU/GPU you want/need then build the rest of the system around that



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