Is this a good gaming computer?

[mudkiepzFTW]

I'm on a budget, and wanted to know if this is a good setup for new gaming pc?

http://secure.newegg.com/WishList/PublicWishDetail.aspx?WishListNumber=12144209

 

[jrwizbang]

Oh. Yeah. Errr... that's great. I think you should wait until you save up a bit more money though....

 

[CAAA]

No....