I can run every game out there now at 1920x1080 at 60+ frames.
My system at this point could not be considered cheap. I will give a quick run through of how much it would cost to buy the parts at today's prices.
CPU: Core i7 4770K $250
Mobo: Asus X97 Pro $200
RAM: 8GB gSkill 1866 $100
GPU: EVGA GTX 980 SC: $590
PSU: Crosair CX 750: $90
HDD: 1TB WD Green: $90
SDD: Samsung Evo 840: $125
ODD: Lite-on 16X DVD burner: $20
Case: Thermaltake (forget model) $120
Sound Card: Creative Sound Blaster Z: $100
Accessories
Keyboard: Logitech 710 Plus mechanical $170
Mouse: Logitech G9 $100
Speakers: Logitech Z5500 (out of production, Z906 price shown, closest comparable) $500
Total with cheaepr case, no ODD and no Sound Card and no SDD: $1260 with a decent $40 case.
Total price not including accessories: $1585
W/ Accessories: $2355
Not cheap, but all were purchased over time and not at once so the financial impact is not as bad as it sounds.