After many days of research and feedback (Thanks Supe_!) Please review below setup and let me know what do you think:
HTPC Case: Zalman HD160XT Plus $579.30
http://www.provantage.com/zalman-tech-hd160xtplussilver~7ZALM04U.htm
PSU: Corsair HX750W $149.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16817139010&Tpk=Corsair%20HX750W
MOBO: ASUS P6X58D Premium $292.00
http://www.excaliberpc.com/594487/asus-p6x58d-premium-intel-x58.html
CPU: Intel Core i7-920 Bloomfield 2.66GHz LGA 1366 130W Quad-Core Processor Model BX80601920 - Retail $288.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16819115202
HS: Prolimatech Megahalems Rev.B CPU Cooler $69.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16835242001&Tpk=Megahalems
HS fan: YATE LOON 120mm Case Fan - D12SH-12 $4.99
RAM: CORSAIR DOMINATOR 6GB (3 x 2GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Triple Channel Kit Desktop Memory - Retail $229.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16820145224
HD 01: Western Digital RE3 WD1002FBYS 1TB 7200 RPM 32MB Cache SATA 3.0Gb/s 3.5" Internal Hard Drive -Bare Drive $159.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16822136313
HD 02&03: Western Digital Caviar Green WD20EADS 2TB SATA 3.0Gb/s 3.5" Internal Hard Drive -Bare Drive $179.99 (x2)
http://www.newegg.com/Product/Product.aspx?Item=N82E16822136344
Blue-Ray:: LG Black 8X BD-ROM 16X DVD-ROM 40X CD-ROM SATA Internal Combo LG Blu-ray Reader & 16X LightScribe DVD±R DVD Burner - Retail 89.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16827136162
Video card: EVGA 01G-P3-1180-AR GeForce GTX 285 1GB 512-bit DDR3 PCI Express 2.0 x16 $389.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16814130480
Sound Card: Xonar HDAV1.3 Deluxe $209.00
http://www.excaliberpc.com/588810/asus-xonar-hdav1.3-deluxe-7.1.html
TV Tuner: Hauppauge WinTV-HVR-2250 Media Center Kit Dual TV Tuner 1213 PCI-Express x1 Interface - Retail $129.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16815116036&cm_re=Hauppauge_HVR-_-15-116-036-_-Product
OS: Microsoft Windows 7 Ultimate 64-bit 1-Pack for System Builders - OEM $179.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16832116762&cm_re=Windows_7_Ultimate_64_bit-_-32-116-762-_-Product
Bluetooth Network: AZiO BTD - V201 $24.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16833340012&Tpk=AZiO%20BTD%20-%20V201
Total:$3,159.17
Thanks
HTPC Case: Zalman HD160XT Plus $579.30
http://www.provantage.com/zalman-tech-hd160xtplussilver~7ZALM04U.htm
PSU: Corsair HX750W $149.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16817139010&Tpk=Corsair%20HX750W
MOBO: ASUS P6X58D Premium $292.00
http://www.excaliberpc.com/594487/asus-p6x58d-premium-intel-x58.html
CPU: Intel Core i7-920 Bloomfield 2.66GHz LGA 1366 130W Quad-Core Processor Model BX80601920 - Retail $288.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16819115202
HS: Prolimatech Megahalems Rev.B CPU Cooler $69.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16835242001&Tpk=Megahalems
HS fan: YATE LOON 120mm Case Fan - D12SH-12 $4.99
RAM: CORSAIR DOMINATOR 6GB (3 x 2GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Triple Channel Kit Desktop Memory - Retail $229.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16820145224
HD 01: Western Digital RE3 WD1002FBYS 1TB 7200 RPM 32MB Cache SATA 3.0Gb/s 3.5" Internal Hard Drive -Bare Drive $159.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16822136313
HD 02&03: Western Digital Caviar Green WD20EADS 2TB SATA 3.0Gb/s 3.5" Internal Hard Drive -Bare Drive $179.99 (x2)
http://www.newegg.com/Product/Product.aspx?Item=N82E16822136344
Blue-Ray:: LG Black 8X BD-ROM 16X DVD-ROM 40X CD-ROM SATA Internal Combo LG Blu-ray Reader & 16X LightScribe DVD±R DVD Burner - Retail 89.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16827136162
Video card: EVGA 01G-P3-1180-AR GeForce GTX 285 1GB 512-bit DDR3 PCI Express 2.0 x16 $389.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16814130480
Sound Card: Xonar HDAV1.3 Deluxe $209.00
http://www.excaliberpc.com/588810/asus-xonar-hdav1.3-deluxe-7.1.html
TV Tuner: Hauppauge WinTV-HVR-2250 Media Center Kit Dual TV Tuner 1213 PCI-Express x1 Interface - Retail $129.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16815116036&cm_re=Hauppauge_HVR-_-15-116-036-_-Product
OS: Microsoft Windows 7 Ultimate 64-bit 1-Pack for System Builders - OEM $179.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16832116762&cm_re=Windows_7_Ultimate_64_bit-_-32-116-762-_-Product
Bluetooth Network: AZiO BTD - V201 $24.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16833340012&Tpk=AZiO%20BTD%20-%20V201
Total:$3,159.17
Thanks