I'm a little rusty so
a) Are these parts compatible
b) Are these the parts I should be getting considering my budget (~$1500)? In particular is the graphics card (gtx295) too much for my processor (i7 860)?
Total - $1525 (w/ tax, shipping, mouse) - $55 in rebates
2. Do you really want to buy the GTX 295 ? Are you planning for the Step-Up program from EVGA ? Spending that much money on a DirectX 10 card is not a good idea right now when DirectX 11 cards are available...And Nvidia will also be launching it by December or Jan...
No way I'd spring for a 295 now. Not at the still insane prices they are going for. If you are die-hard green team wait for the 300-series. If you don't really care grab a 5870 and pocket the difference.