Thanks a lot guys for all your help. I finally settled for the following config.
Cabinet - VIP -ZB01B - 500W - 5,950
Cooling - Antec - PRO 80mm x 2 - 700
Processor - Intel® - Core™ 2 Duo - 1.86 ghz - E6300 - 8,600
MOBO -MSI - P965 Neo - F - 6,700
RAM - Transcend - 1GB Dual Ch DDR2 SDRAM at 667MHz x2 - (5500x2) 11,000
Seagate -320 GB SATA - Baracuda / Puma 7200r - 5,100
FDD -Sony -1.44 FDD - 300
DVD -Sony -16x DVD+/-RW w/ dbl layer - 2,450
Sony - DVD drive Combo - 1,150
Interface - Logitech - Cordless Desktop - LX 500 - 2,250
Display - MSI - NX7600GT-T2D256E - 9,600
Gamepad - Logitech - Cordless Rumblepad 2 - 2,000
Coomunication - D-Link - DWL-G510 Wireless PCI - 1,400
UPS - Powersafe - 600VA - 1,750
TV Tuner - Hauppauge - WinTV-PVR-150 - 5,500
Card -PCI Firewire IEEE 1394 Card (NEC) - 700
SunbeamTech 20 in 1 card reader - 3,300
Webcam - Logitech - QuickCam - 1,350
MK - Spike Guard - 400