Custom Gaming Rigg help and opinions =]

How much would you pay for this gaming rig settup? Sorry I am a complete noob im not sure if this might be the right setup for me. I will be doing Online gaming, video encoding, and picture editing. If I need to add or take away any components please let me know. Thanks in advance oh and btw I have a $700 Budget

Case: CoolMaster Elite 310 Mid-Tower 420W case
CPU: Intel Core2 Duo E7400 @ 2.8GHz 3MB L2 Cache 64-bit
Fan: XtremeGear Ultra Twin Heatpipes Cool Copper Heatsink
Motherboard: MSI G31M3 Intel G31 Chipset LGA775FSB1333 DDR2 Mainboard
Memory: 4GB (2GBx2) PC6400 DDR2/800 Dual Channel Memory (corsair)
GPU: nVidia GeForce 9800 GT 1GB16X PCI Epress (EVGA powered by nVidia)
HDD: 500GB SATA-II 3.0Gb/s 16MB Cache 7200RPM
CD drive: Sony Double Layer Dual Format DVD+-R/+-RW + CD-R/RW Drive
Sound: High Definition On-board 7.1 Audio
Speakers: 600Watts PMPO Subwoofer Stereo Speakers
Keyboard: XtremeGear keyboard
Mouse: XtremeGear OticalUSB 3 Button Gaming Mouse
WNC: PCI Wireless 802.11g 54Mbps Netwrok Interface Card
OS: Microsoft Windows Vista Business Service Pack 1 64-bit (free Win7 Upgrade)

+1^ The parts cost $553.90 w/o speakers & cooler (not needed, or wrong one in this rig) at Newegg.

That mobo won't allow SLI/Crossfire. One upgrade may be to get a mobo and a psu that will. That way you have a video upgrade path (a second 9800, etc) without having to replace those parts.

Your suggested mobo won't allow 2 video cards.

Fix it by getting one that does, and a power supply powerful enough to support 2 video cards.

That way, if you need to upgrade, you can without replacing mobo and psu.

One that has 2 PCIe slots, and supports your choice of Crossfire (ATI) or SLI (nVidia).

Are you building yourself, or buying from Cyberpower?

Go to www.cyberpowerpc.com and use one of their "Configurators". Put together a configuration that supports either SLI or Crossfire. Get a price. Then go to, say, Newegg and price out the parts. Post the configuration here for comment. Then you can make a "Make or Buy" decision.