Should be fully patched, Steam takes cares of that. Drivers were a little behind, but I updated them last week.
Only other game is CoD4 right now, looking forward to Battlefield 3, but I have a bad feeling about how this system will handle that.
I would keep budget under $300
Res I run for CoD4 is 1920x1080
Black Ops I only run 1280x720
Using FRAPS for the FPS #