Thanks for all the replies.
Let me clarify a bit:
I plan to purchase the parts in the next month or two and I don't want to go over 1500
I wont be gaming much (if at all), so I am not too worried about a kickin graphics card. I will use it mainly for software development, and I want a machine that will run seamless. I plan on overclocking the i7 to about 3.8ghz.
I've picked all the parts above from newegg.
Let me know if this changes anything!