Total Cost: $775 or up, considering that the Wolfdale's CPU price fluctuates and this excludes shipping ($20-$40)
I already own a nice case, so buying another one would just be redundant considering how many extra I have, and I know that the Wolfdale is very overclockable, even on stock cooling. I have a copy of Windows Vista 64-bit, Windows XP Professional 64-bit, and Windows XP Home 32-bit laying around. I have a 24-inch flat screen monitor I got for free (lucked out on that one) too.
My maximum cost is $800 so I have a fairly decent budget yet it is still limited.
I intend to use it for gaming. Since my PC downstairs has wireless, I can just hook it up for and extra 1-2 TeraBytes of file space for non-application data. I originally was trying to get a PC that would run crysis, but I'm not sure as to what this machine would do with it. I expected medium settings maybe high settings. Otherwise I have COD4 and Oblivion, but my PC now can't run them. (Yeah, a P4 with intel integrated graphics and 2gb of DDR 133 RAM. Slow as hell FTW! lol)
Other than gaming, I figured the above-average quality of the CPU and RAM would make it faster in regular apps.