Here are all of the parts that I ended up buying:
CPU: Intel Core i7 920
Thermal Compound: Artic Cooling MX-2
Motherboard: Asus P6T
Heatsink: Thermalright Ultra-120 Extreme RT 1366 CPU Cooler
Memory: G.SKILL 6GB (3 x 2GB) DDR3 1600
Video Card: Asus GeForce GTX 295
Case: Cooler Master RC 690
Power Supply: PC Power & Cooling S75CF 750W
Sound Card: Creative Sound Blaster X-Fi XtremeGamer 7.1
Monitor: LG W2600H-PF Black 25.5" 5ms Widescreen LCD
Video Cable: Nippon Labs 10 ft. DVI Digital Dual-Link cable
Optical Drive: LG Black 22X (CAV) DVD+R 8X
Primary HDD: Western Digital VelociRaptor WD1500HLFS 150GB 10000 RPM (times 2)
Secondary HDD: Western Digital Caviar Black WD6401AALS 640GB 7200 RPM
Wireless Card: D-Link DWA-556 IEEE 802.11n
Speakers: Logitech Z-4 40 watts 2.1 Speaker
Keyboard: Ideazon Merc Stealth Illuminated Gaming Keyboard
Mouse: Logitech MX518 2-Tone 8 Buttons 1 x Wheel
Headset: TRITTON TRI-AI712 4 x 3.5mm Circumaural AX 51
Mousepad: Corepad C1 Medium Improved Premium Cloth Mouse Pad
Additional Case Fan: Scythe S-FLEX SFF21D 120mm
The two Raptor drives are in a RAID 0 configuration. Setting up the RAID was much easier than I expected. I don't really know if having the RAID or the Raptors makes any difference because I don't have anything to compare it against.
There were no dead pixels on the display, which I was afraid there might have been. I went to Best Buy to compare screens, and the HannsG screens are of noticeably inferior quality. No matter how much I played around with the settings, they never looked as good as the LG screens (or any of the others, for that matter). My screen is very bright and vivid, and I am overwhelmingly pleased with it. I urge anyone else who is thinking of buying the HannsG screen because they are much less expensive than the competition to go compare screens in person - the specs on paper don't tell the whole story, and you will stare at the monitor the most of any component you buy.
The only hardware issue I had was with the headset. The bass channel is stronger on the right-hand side than on the left, even though the bass channel is definitely coming through on both sides. All of the other channels are fine, and I suspect, though I am not sure, that it is a problem with the left bass speaker. I am currently in the process of returning it. I am going to purchase another headset, though I'm not sure which one, yet. I am willing to spend some money to get a good set, because it is the primary way I listen to the computer (I'm a college student sharing a small 1-room apartment).
I overclocked the i7 to 3.8 GHz by using a 200 MHz BCLK and a CPU Multiplier of 19. I actually had a stable overclock to 4.0 GHz, but my temperature settled at about 72C, which I felt was a little too high. At 3.8 GHz, my temperature under load is around 68C. As everyone else has said, overclocking the i7 is incredibly easy.
The Asus GTX 295 is overclocked as well. The core speed was moved from 576 MHz to 676 MHz, the Shaders were moved from 1242 MHz to 1370 MHz, and memory from 1998 MHz to 2200 MHz. Asus's SmartDoctor utility that came with the card made overclocking as simple as sliding bars to what speed you want the 3 clocks to be. The card is stable, but the fan can be quite loud. The temperature under load is around 75C, but depends on when you set the fans to kick in (which is also easily adjustable with the SmartDoctor software).
I installed Windows Vista Ultimate x64 without a hitch.
The illuminated keyboard is great, and having a dedicated region for gaming with your left hand is pretty cool. The mouse is both great for gaming, especially FPS games. Having on-the-fly dpi control is great for trying to snipe.
I'm pretty sure that the sound card was a waste of money. I can't hear a difference between it being installed and not. I enjoy music, but I am far from an audiophile, so perhaps it might theoretically make a difference to someone with a better ear.
Cable management was the hardest part of the whole setup. I didn't do nearly as tidy a job as WR2. The power supply I bought is not modular, and has a ton of dangling cords that I don't need. Life would have been easier if I had purchased a slightly better PSU or a slightly larger case.
I don't have any benchmarks, but it plays Crysis on Very High detail at 1920x1200 with 4xAA at 40 FPS, which is playable and absolutely beautiful. I'm kind of glad that I didn't get a bigger monitor with better resolution. I don't think single video cards are quite powerful enough to push higher resolutions just yet.
If anyone is thinking of a similar build, please feel free to contact me if you have any questions. I didn't really know too much about building computers, but this project turned out to be a lot easier than I thought it would have been, in no small part because of the advice I received here. Thanks to everyone who helped, especially WR2.