Well here is my new build.
Intel Xeon W3520 @ 4.1Ghz (i7 920 equivalent)
Asus P6T7 WS Supercomputer Motherboard
12GB DDR3 2000mhz
Asus Xonar Essence STX Sound Card
2x RAID 0 120GB OCZ Agility SSD's
CrossfireX ATI 5870's
BFG EX-1200W Power Supply
Antec P193 Case
Just the CPU is water cooled, 2x 140mm radiator at the top, 120mm radiator in the bottom, and dual pumps.
Here it is in its ugly glory.