Ok, here is what I got. I used some combo deals and free shipping offers.
Motherboard & PC Case Combo
http://www.newegg.com/Product/ComboDealDetails.aspx?ItemList=Combo.963799
Corsair R500 White Case $139.99
ASROCK Z77 Motherboard $134.99
Minus $30 Combo
Minus $15 Rebate on the case
$45 in savings
Upfront cost $244.98
Power Supply & Ram Combo
http://www.newegg.com/Product/ComboDealDetails.aspx?ItemList=Combo.956958
Corsair GS800 PSU $124.99
CORSAIR Vengeance 8GB (2 x 4GB) $54.99 (+15% off w/ promo code EMCNDJH24, ends 6/18)
Minus $15 instant Rebate
Minus $15 combo discount
Combo Price $164.98
Minus $10 rebate on the PSU
CPU
http://www.newegg.com/Product/Product.aspx?Item=N82E16819116504
Intel Core i5-3570K Ivy Bridge 3.4GHz
$219 Free shipping
CPU Cooler
http://www.newegg.com/Product/Product.aspx?Item=N82E16835103099
Cooler Master Evo
$34.99
GPU
http://www.newegg.com/Product/Product.aspx?Item=N82E16814150609
XFX Double D HD7870 2GB Video Card
$269.99
+ Free Dirt 3 Game Coupon
+ Free Dirt Show Down Game Coupon
Hard Drive
http://www.newegg.com/Product/Product.aspx?Item=N82E16822136533
Western Digital 1TB Hard Drive
$119 + Free Shipping
SSD
http://www.newegg.com/Product/Product.aspx?Item=N82E16820233268
Corsair 240GB Solid State Drive
$229.99 + Free shipping
Operating System
Microsoft Windows 7 64bit OEM
$99.99
Total upfront cost:$1384.90 + $12.90 (estimated Shipping to the east coast via UPS 3 day delivery)
Minus $55 in rebates
End Cost $1342.80
Logic: I originally looked at the Nvidia GTX 470 however stock is slim (maybe better in July) so I went with the next best 'bang for your buck which is the HD7850. I got an 800 Watt PSU so a second one could be purchased for Crossfire. If you dropped the solid state drive or went to a 120GB one you would be able to purchase a 2nd HD 7850 and stay within your budget.
Two 7850s in crossfire would be a beast of a gaming rig.
I picked the XFX Double D model because the cooler keeps the thermals down and is very quiet.
The Evo CPU cooler will help keep the noise down too.