Thanks for the input so far guys! But can anyone give me some suggestions for lowering the price by around $200 and still keep similar performance? The reason is because I want to invest in a better monitor and my maximum budget is $1500. Thanks!
As rolli said you can actually purchase that xeon 1230 v3 for a significant price drop. Just no overclocking but all of the i7 hyperthreaded goodness. Then you can drop down in motherboard and be done with it.
For some reason I just get an empty list when opening the part list so I do not know what board is involved but really a Xeon 1230 V3 and motherboard should come in at around $350 or even less depending on board.