I was thinking about an i7 920 for a few weeks but I won't be using it to its full potential. I will never use 3+ VGAs or really need the triple channel memory since I mostly will just use the PC for gaming, surfing, and a few image edits here and there. I'm not a huge multitasker so I opted for the new i5. Maybe, if I really want an i7 I'll get the i7 860. Just not sure if the extra $100 will be used. I will probably be satisfied with a i5 for my needs since I'm generally using it for gaming and surfing.
I haven't really committed to any 1156 motherboard at the moment. I picked the Asus Deluxe for now high price reference. I will probably get a cheaper board unless the Deluxe proves to be worth it. Thanks for the Gigabyte link, I'll look into it.