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Intel C2D E4300 or E4400 if it isn't a lot more expensive. I will be upgrading to a quad core 1066fsb when the price cuts arrive and pass this one onto my bro (which his motherboard can only support up to 800fsb)
Check out if your brother's mobo supports C2Ds. The price difference should be something around 40 AUSD. If it is more, don't bother, get the E4300 and it will be fine.
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GeForce 8800GTS 320mb. But I'm not sure what brand to go yet. Any suggestions would really be appreciated
It seems that all brands use the exact same design, so go for the cheapest you can find. Do not get any overclocked version, you can do it yourself. In the US, EVGA has an upgrade program that permits you to buy a card and return it for an upgrade in 90 days, paying only the price difference between the two. This and a lifetime warranty are the main reasons to get an EVGA. Don't know if the program applies to Australia, but you may want to check it out. Otherwise, get the cheapest brand!
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2x Corsair/Kingston? 1GB DDR2 800FSB PC2 6400 RAM.
If in doubt, check the operating voltage from the specs of each brand. It should be 1.8V stock, no more. Get the one with this voltage, lower price, lower timings (in that order!) If it needs higher voltage it is just factory overclocked memory.
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550W/600W PSU (I'm still not sure if 550W will be enough. Also wondering if the brand is important enough for me to get a Antec one).
550 should be more than enough, but the brand is also important, as is the amperage on the 12V rails. You have to choose from this list which is for Australia
http://forumz.tomshardware.com/hardware/modules.php?nam...
I would suggest this one:
http://www.nintek.com.au/x/scripts/prodView.asp?idprodu...
or his 520W brother, this one
http://www.nintek.com.au/x/scripts/prodView.asp?idprodu...
Both are manufactured by Seasonic and are powerful, efficient, solid units. Frankly, they present a great value for money at this price point and i wouldn't suggest anything else for your budget and needs.
The seagate is ok, but you may want to consider this cheaper, equally good alternative:
http://www.nintek.com.au/x/scripts/prodView.asp?idprodu...
or getting 2X250GB hard discs with the same total capacity and speed but greater flexibility for backup purposes
http://www.nintek.com.au/x/scripts/prodView.asp?idprodu...
With two discs you can also dump the windows swap file on the second disc and have a faster overall system.
Good luck! Post again your final decisions, or any question you have, we are all glad to help you.