With that budget, you can afford something a whole lot better
CPU: $330(?) Intel Core i7-2700K (Upcoming)
Motherboard: $200 ASUS P8Z68-V PRO
RAM: $50 CORSAIR Vengeance 8GB
GPU: $480 EVGA SuperClocked GeForce GTX 580
HDD: 2X$ 60 SAMSUNG Spinpoint F3 1TB
SSD: $205 Intel 320 Series 2.5" 120GB
ODD: $20 LG Black SATA DVD burner Super Multi with LightScribe Support - OEM
PSU: $70 CORSAIR TX 650 V2
Case: $162 Corsair Obsidian 650D
LCU: $120 CORSAIR H100 Liquid CPU Cooler if you want H2O.
EDIT: Depending on how high you want to take your clocks, get a Hyper 212+/NH-D14/Megahalems+Fans if you're not comfortable with the idea of spending that much on a cooler.
Costs $1700 in the US. Will cost 10-15% higher down under, methinks.
Will max out pretty much everything @ 1080p. For anything less, it'll be a huge overkill.