Nothing purchased yet so it's all subject to change but this is likely a finalized list.   Parts listed in descending cost.

CPU: $295
Intel Core i7 920 2.66 GHz.
Will be overclocked into the high 3 GHz range.
http://www.newegg.com/Product/Product.aspx?Item=N82E16819115202

Monitor: $250
ASUS VH242H 24" 1920 x 1080.
Ready for 1080p movies and games.
http://www.newegg.com/Product/Product.aspx?Item=N82E16824236052

Motherboard: $185
Gigabyte GA-EX58-UD3R.
Damn good price for an X58 mobo.
http://www.newegg.com/Product/Product.aspx?Item=N82E16813128375

RAM: $164
Corsair XMS3 6 GB (3 x 2GB) DDR3 1333.
More than enough RAM.
http://www.newegg.com/Product/Product.aspx?Item=N82E16820145220

GPU: $160
HIS Radeon HD4870.
Damn good price for this card.
http://www.newegg.com/Product/Product.aspx?Item=N82E16814161236

Optical Drive: $110
Lite-On 6x Blu-ray / DVD burner.
Damn good price for a 6x Blu-ray drive and quality DVD burner.
http://www.newegg.com/Product/Product.aspx?Item=N82E16827106270

Case: $110
Xclio A380BK Full Tower.
Comes with 2 250mm fans. Looks wicked as hell too.
http://www.newegg.com/Product/Product.aspx?Item=N82E16811103010

Hard Drive: $110
WD Cavier Green 1 TB.
Supplemental only.  I'll still use my current WD Raptors.
http://www.newegg.com/Product/Product.aspx?Item=N82E16822136317

PSU: $100
Corsair 750TX 750 watt.
60A on a single 12v rail.
http://www.newegg.com/Product/Product.aspx?Item=N82E16817139006

CPU Cooler: $60
Vigor Monsoon III LT.
Dual 120 mm fans.
http://www.newegg.com/Product/Product.aspx?Item=N82E16835702007

Fan Controller: $30
Zalman ZM-MFC1.
6 channels.
http://www.newegg.com/Product/Product.aspx?Item=N82E16813999251

Total: $1,574 w/free shipping for everything but the optical drive, case and fan controller.

I'll update later with changes and eventually pic and benchemarks.

Looks pretty nice, ram seems kind of expensive but then again I don't really know the price for DDR3.

Thanks.

I could drop the price to $133 but I really have enjoyed Corsairs XMS series of RAM and will pay the premium base don that history.  I could also drop it to just 3 GB's for just $86 ($70 if I used a different brand).

I think I just came after seeing the 1 TB HDD....

Nice, but why are u building your comp in a vacuum cleaner?

Id swap out the radeon card for an Nvidia. Since AMD bought ATI, a lot of game engines have had incompatibilities with the radeon cards. Pains me to say it, I used to be a big ATI fan

Very nice. I'm still happy with my new but not as powerful PC though. lol

almost the sam as mine except the motherboard ( Asus p6t ) and the vga card ( geforce 260 gtx ) ... also my rams speed is 1600mhz.

Hopefully you will be hooking up to a larger screen for watching your blu rays. Nice computer though.

Viper,

Out of curiousity, why do u put so much muscles on a CPU relative to the GPU?