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And for the OS, do you really need Win7 ultimate, why not just go with home. Will you actually ever use the features in Ultimate. Of course if you are getting the OS by *cough* other means *cough* then by all means go with Ultimate.
Don't get 7 Home Premium on an X79 build - because then you forfeit use of any extra RAM over 16GB you might need if you're using Adobe CS 5 or anything that requires heavy use of RAM. Get Pro - it's a good balance between HP and Ultimate.
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2x Intel 320 series SSD
I'm a novelist and, thus, horrified at the prospect of lost data. I intend to put these 2 SSDs in a RAID 1 (mirror) configuration. Though, they are really only going to be hosting my OS. I only recently noticed, however, that the drives are only 3gb/s capable. Obviously I should go with the 520 series, right? Except, where the 320 series drives are all highly rated, the 6gb/s SSD drives I've read about all seem to have issues with failing (see above, my worst nightmare). Am I really going to see that big of a jump in quality by returning my 320 drives in exchange for 520s? Are the 320 series drives more stable at the moment? Although I want performance, I prize stability a little more right now.
Yes you should - the Intel 320 is SATA-II based and it's quite a bit old and outdated - the 520 is a better bet, but if you can get a Crucial M4 that would be the ultimate - I have the M4 and the 320 and I'd vastly prefer the M4 over anything else.
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RAM: Corsair 16gb - 2133 MHz
Since I've started looking into forums I've noticed NOBODY mentions this ram. Am I making a mistake? Is there something I don't know?
The reason why nobody mentions this RAM is because you're never going to notice any performance gains over 1600 when the motherboard by default will set the RAM to the lowest speeds it can handle - and this is universal across X79, P55, Z68, 975, AM3, you name it.
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Now for the ssd, Intel is probably good but i have not had one of their ssd's. I have a samsung 830 series 64gb ssd, and it is great with no problems.
You could keep the intel, go with samsung, or you could alternately go with a crucial m4.
Any drive that uses a Micron-based controller like the 830 or M4 will be far better than any drive with a Sandforce-based controller like the Vertex 3 or Force 3.
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4x Western Digital 1TB RE4 HDs
Okay, second verse same as the first. I intend on putting these 4 drives into a RAID 10 configuration. Again, these are only 3gb/s drives and I wonder if I should be considering the WD Black Caviar drives. They are comparably priced but I notice sooo many user complaints about the Caviar drives (from noise to the dreaded disk fail) whenever anyone tries to put them into a RAID configuration. Help? Same questions from before: 1) will I really notice much difference between the 3gb/s and the 6gb/s (I'm not running a server or anything, these drives are just for my personal use... you know, massive collections of porn, comic books, "how to" manuals I will never read, games, music, etc. I also do a fair amount of video editing (not porn) which will take up most of the space on these drives). 2) Would I be sacrificing major stability for a minor performance boost by switching to the Caviar drives?
No - if you've got a fast SSD for your boot drive, you won't notice any difference between 5900 RPM and 7200RPM - anyone who says you will otherwise most likely doesn't know what they're talking about.