You have the right idea, but your build needs some fixing. The heat sinks, and motherboard you are looking at cost more money for no significant gains. In not so many words they are a "hose job". Take a look at this down below. It allows you to add another vid card for SLI later on. I didn't include a case in this build....that's your call. But if I was going to include one...it would definitely be the CM 690 which is going for $79.99 at newegg atm.
http://www.newegg.com/Product/Product.aspx?Item=N82E168... $109.99 ($99.99 after $10.00 Mail-In Rebate) Free Shipping*
CORSAIR CMPSU-750TX 750W ATX12V / EPS12V SLI Ready CrossFire Ready 80 PLUS Certified Active PFC Compatible with Core i7 Power Supply - Retail
http://www.ewiz.com/detail.php?name=MB-EX58U4P $219.99 | $204.99 after rebate
GIGABYTE GA-EX58-UD4P Core i7/ Intel X58/ DDR3/ CorssFireX & 3-Way SLI/ A&GbE/ ATX Motherboard
http://www.newegg.com/Product/Product.aspx?Item=N82E168... $279.99 Free Shipping*
Intel Core i7 920 Nehalem 2.66GHz 4 x 256KB L2 Cache 8MB L3 Cache LGA 1366 130W Quad-Core Processor - Retail
http://www.newegg.com/Product/Product.aspx?Item=N82E168... $39.99
XIGMATEK Dark Knight-S1283V 120mm Long Life Bearing CPU Cooler - Retail
http://www.newegg.com/Product/Product.aspx?Item=N82E168... $4.99
Tuniq TX-2 Cooling Thermal Compound - Retail
http://www.newegg.com/Product/Product.aspx?Item=N82E168... $239.99 ($219.99 after $20.00 Mail-In Rebate) Free Shipping*
EVGA 896-P3-1170-AR GeForce GTX 275 896MB 448-bit DDR3 PCI Express 2.0 x16 HDCP Ready SLI Supported Video Card - Retail
Free Cryostasis game w/ registration at manufacturer website
http://www.newegg.com/Product/Product.aspx?Item=N82E168... $94.99 Free Shipping*
G.SKILL 6GB (3 x 2GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Triple Channel Kit Desktop Memory - Retail
http://www.newegg.com/Product/Product.aspx?Item=N82E168... $74.99 Free Shipping*
Western Digital Caviar Black WD6401AALS 640GB 7200 RPM 32MB Cache SATA 3.0Gb/s 3.5" Internal Hard Drive - OEM
http://www.newegg.com/Product/Product.aspx?Item=N82E168... $24.99
SAMSUNG Black 22X DVD+R 8X DVD+RW 16X DVD+R DL 22X DVD-R 6X DVD-RW 12X DVD-RAM 16X DVD-ROM 48X CD-R 32X CD-RW 48X CD-ROM 2MB Cache SATA 22X DVD Burner - OEM
http://www.newegg.com/Product/Product.aspx?Item=N82E168... $169.99 ($149.99 after $20.00 Mail-In Rebate) Free Shipping*
ASUS VH226H Black 21.5" 2ms(GTG) HDMI Widescreen 16:9 Full HD 1080P LCD Monitor 300 cd/m2 1000:1 (ASCR 12000 : 1) Built in Speakers - Retail
$10 off w/ promo code EMCLTLN27, ends 6/8
Total: $1,258.91 | $1,1193.91 w/mail in rebates
* Same exact build as above but with the gtx 260 vid card.
http://www.newegg.com/Product/Product.aspx?Item=N82E168... $179.99 ($159.99 after $20.00 Mail-In Rebate) Free Shipping*
PNY VCGGTX260CXPB GeForce GTX 260 Core 216 896MB 448-bit GDDR3 PCI Express 2.0 x16 HDCP Ready SLI Supported Video Card - Retail
Total: $1,198.91 | $1,1133.91 w/mail in rebates
http://technet.microsoft.com/en-us/evalcenter/dd353205.... <--- Save yourself some money on an o/s until March 2010 and dl the 64 bit version of Windows 7
http://www.newegg.com/Product/Product.aspx?Item=N82E168... <--- more pics, specs, and customer reviews of that Gigabyte UD4P mobo used in this build