I'm currently running an older GTX 295 and looking to upgrade. I am mostly interested in 1080p high/ultra settings gaming for now and the biggest reason I am upgrading is to achieve 7.1 audio over hdmi. I am trying to keep my budget down ($150-$350) as I am going to be building a 4k rig late this year/early next. I looked at the 750 ti but it doesn't look like it will run 1080p with ultra settings in most games, not with reasonable fps anyway. Also, will price drops be starting up soon? If so, will they be substantial enough to merit waiting a month or two? Thanks for the help!
Edit: Additional info
i7-920 2.67GHZ
DDR3 1600 12GB
Edit: Additional info
i7-920 2.67GHZ
DDR3 1600 12GB