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By Pro Llama, 56 minutes ago:
The i7 920 runs about $290 in US, so I'm guessing that you either are not in the US or need that $400 for more then just the cpu. So a PII 955 c3 is $160 on newegg.com, can get a good asus board for $110ish, and 4gb of ddr3 for $105ish. Total would be around $375. There are also boards in the $60 range that are good but dont have as many features. You can try an i5 setup, but it will push you past your $400 limit.
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