700$ gaming rig (select parts)

I have been out of the game for awhile now and havnt really kept up on what is the best bang for the buck and am hoping to get my bearings with the suggestions in this thread. Im looking to by some parts for a new pc with a budget of 700. I need..........

CPU
Power supply
Video Card
Ram
Motherboard

=700$

I know this is a pretty bland request but i have not done any research since i built my last comp 2 years ago. I appreciate your suggestions and any help you could throw my way to atleast point me in the right direction. Thanks again.
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More about gaming select parts
  1. CPU - E8500 $190
    http://www.newegg.com/Product/Product.aspx?Item=N82E16819115036
    Motherboard - P45 Asus P5QPro with 8x/8x crossfire $130
    http://www.newegg.com/Product/Product.aspx?Item=N82E16813131299
    RAM - 2x2 GB DDR2 8001.8v @ $50
    http://www.newegg.com/Product/Product.aspx?Item=N82E16820146731
    GPU - HD4850 $150
    http://www.newegg.com/Product/Product.aspx?Item=N82E16814121272
    PSU - Corsair 650w $80
    http://www.newegg.com/Product/Product.aspx?Item=N82E16817139005

    About $600 generic type build, close to being able to add another 4850 in the budget
  2. I did a little research on my own and found these parts, if anyone could critique or give me some pointers i would appreciate it.

    CPU----http://www.newegg.com/Product/Product.aspx?Item=N82E16819115017

    Ram----http://www.newegg.com/Product/Product.aspx?Item=N82E16820146731

    GPU----http://www.newegg.com/Product/Product.aspx?Item=N82E16814121253

    MOBO--http://www.newegg.com/Product/Product.aspx?Item=N82E16813131299

    PSU-----http://www.newegg.com/Product/Product.aspx?Item=N82E16817341018


    The one change I wish i could work into the build is I would like to be able get the 4870 over the 4850 but im on a strict budget. Any opinions on changes i should make i would appreciate it. Thanks.
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