Will this play nicely with the other kids?

How good of a build do you think this is? That is, is it likely to be able to play FEAR 2 when it comes out? How long will it be till it's so outdated that I'd have to upgrade or build new? Also am I bottlenecking myself anywhere? The budget is about 1000 to 1300 at most, after rebates and discounts. The monitor, case, and keyboard/mouse are not included in the budget as I already have them. Also any other comments/critique is more than welcome. Also this machine will be used for everything from word processing, to gaming (mainly), to art work (Photoshop/Illustrator etc), and just the standard e-mail and internet and various entertainment.

Monitor:
Hanns G 28" HDMI
http://www.newegg.com/Product/Prod [...] 6824254026

Case:
Antec 900
http://www.newegg.com/Product/Prod [...] 6811129021

Mouse and Keyboard:
G15 v2 and G9
http://www.newegg.com/Product/Prod [...] 6823126034 http://www.newegg.com/Product/Prod [...] 6826104079

Motherboard:
http://www.newegg.com/Product/Prod [...] 6813128336

CPU:
E8500
http://www.newegg.com/Product/Prod [...] 6819115036

CPU Fan:
http://www.newegg.com/Product/Prod [...] 6835233003

Video Card:
http://www.newegg.com/Product/Prod [...] 6814131120
I'm a little worried about the PowerColor rep, anyone have any exp with these guys? Also I do plan to Xfire eventually within a few months or so.

Memory:
Muskin 4 GB
http://www.newegg.com/Product/Prod [...] 6820146785

Hard Drives:
OS & Games -
http://www.newegg.com/Product/Prod [...] 6822136033
Storage -
http://www.newegg.com/Product/Prod [...] 6822136218

Wireless Card:
http://www.newegg.com/Product/Prod [...] 833124115R

Power Supply:
http://www.newegg.com/Product/Prod [...] 6817104054
AND
http://www.newegg.com/Product/Prod [...] 6817104037
The reason for two being that the Booster X5 will be only for the graphics card(s) and that way they won't draw power away from the CPU under times of load, also I'll be getting a total of 900W for less cost.

$245 for GA-X48-DS4 and $309 for PowerColor HD 4870 1GB, and another $309 (or a bit less) for a second card later....

I'd rather get this combination:

SAPPHIRE 100251SR Radeon HD 4870 X2 2GB $550
http://www.newegg.com/Product/Prod [...] 6814102768

GA-EP45-DS3R $116
http://www.newegg.com/Product/Prod [...] 6813128344

You pay $113 more now, but don't have to get another card later and get the entire graphics power right away. Also, I trust Sapphire more than Powercolor.

Replace that ancient and slow 74GB $140 Raptor with this fast $180 150GB Velociraptor.
http://www.newegg.com/Product/Prod [...] 6822136296

Good cooler Xigmatek HDT-S1283. There's also a retention bracket for it.
http://www.newegg.com/Product/Prod [...] 6835233019

The RAM is good, but you can get DDR2-800 for half the price, there's a Mushkin 2x2GB DDr2-800 for $53 at newegg right now.

Forget those two PSUs and get this Silencer 750W for $125. You save $20 and get a top-quality PSU that can handle HD 4870 X2 without problems.
http://www.newegg.com/Product/Prod [...] cer%20750W

+1 for Antec 900, E8500, WD6400AAKS. No idea about the monitor, mouse, keyboard and wireless.

Edit: jtt283 got there first, he even provided a link to the RAM I was talking about

well the reason i chose the X48 mobo was to be able to XFire with 2 x16 and get better performance and not bottleneck myself, fair enough to the PSU comments and velociraptor, I'll probably end up with the 750W, but my concern is about the "bare drive" part because I do not know exactly what it means, and how to set it up, but I am looking it up as soon as this is posted. As for the RAM I want something faster than the 800 which is why i'm going one step up with the 1066.

Now, upon thinking a little about it, would i be better off going with a 260 GTX (216 core) from nVidia and SLi-ing that s**t? I know I'd have to get a different mobo, so maybe a 780i or 750i or something? The reason being is that nVidia has shown that they are more often the victor when it comes to performance, stability, and faster driver updates, and yea while ATi and nVidia cards have been neck and neck for the most part, doesn't nVidia have a better rep? Or is this just optimistic thinking and the nVidia chipset boards are big s**t? Sorry for all the noob questions but I really don't want to be one of those "nVidia fanboys" but I also want to make sure I get the most for my money. Speaking of which, the 4870x2 is just out of my price range. When I say I want to SLi/Crossfire I mean that I will be getting the second card sometime mid to late February.

Oh, and I didn't notice the "open box" bit, so that part is out.

Also I'll be running Vista, not sure if it'll be x64 (I'm hoping, it all depends on compatability with the games I plan on running, FEAR, FEAR 3, WoW, WC3, CoD4, Gunbound [don't judge me XD] etc.]) if not then 32-bit, and the reason being . . . I want DX10.