I would like to thank all who replied to this post as everyone that posted help me come to a decision. For some reason though I'm not able to select the best answer. If you asked me, I think that everyone that posted on this thread gave me the best answer which is to save my money to build a new system.
I hope by that time I'll be able to save around $500 to build around a HD 7850 or nVidia equivalent which brings me to my next question. Which would be a good CPU to match this setup?