I've been LOOKING into saving for something around $1,300...I know the 45nm chips are around the corner, but no need for me...
Antec Sonata III Case (2x120mm fan, 500watt psu with dual rails) $130
Gigabyte P35-DS3L $105
Intel E6550 (4mb L2 Cache, 1333mhz fsb, 7x multi) $185
OCZ Vindicator heatsink (120mm fan, 6 heatpipes) $40
2x1024MB DDR2 800mhz RAM (Haven't decided on specific brand yet) $90
Seagate Barracuda 250GB HD (16MB Cache, 8.5ms seek) $75
ATi 2900Pro HD (Might swap it for a 8800GT if they are good when they come out) $300
BenQ FP202W V3 (20" LCD, 1680x1050, 5ms response) $220
I'm still shopping around, and of course don't have the cash together. Some parts will probably change as the months go by, and if I'm lucky I'll have the PC by the start of summer, maybe the fall.
~Bryan~