I'm doubting the Ares will even go on sale here... but if it does, the Toxic is $1k, so based off of that, the Ares would have to be higher.
Even at $1k it's not worth it vs 2 480's.
And I'm not sure what to say to your heating comments. I'm a poor student, yet I run 2 of the cards... in the top floor A-frame room, with only a box fan blowing the AC up, and it seems to be fine. I run them at the same temps as my overclocked 5770's... 80C. Yes, I crank the fan's up when it's at full load, but I have headphones. I do agree that they are warm cards... and it takes more to tame the beast, but it is possible. If you're really worried about it, theres always the option of a $50-75 heatsink. Spitfire, HR-03 GT/GTX, they just came out with brackets.
http://www.youtube.com/watch?v=nMxWVgYRv-M
And fel... yeah that would be awesome. I play shooters, so the monitor frames would drive me crazy, but for driving games etc... =]