PCPartPicker part list:
http://pcpartpicker.com/p/dzcK
Price breakdown by merchant: http://pcpartpicker.com/p/dzcK/by_merchant/
Benchmarks: http://pcpartpicker.com/p/dzcK/benchmarks/
CPU: Intel Core i5-3570K 3.4GHz Quad-Core Processor ($189.99 @ Microcenter)
CPU Cooler: Noctua NH-D14 65.0 CFM CPU Cooler ($83.74 @ Mwave)
Motherboard: Gigabyte GA-Z77X-UD5H ATX LGA1155 Motherboard ($169.98 @ NCIX US)
Memory: G.Skill Sniper 8GB (2 x 4GB) DDR3-1600 Memory ($40.99 @ Newegg)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($77.99 @ NCIX US)
Storage: Samsung 830 Series 128GB 2.5" Solid State Disk ($99.99 @ Newegg)
Video Card: Gigabyte GeForce GTX 670 2GB Video Card ($399.99 @ Newegg)
Case: Corsair 600T White Graphite ATX Mid Tower Case ($159.99 @ Newegg)
Power Supply: XFX 750W ATX12V / EPS12V Power Supply ($135.71 @ Newegg)
Optical Drive: Lite-On iHAS124-04 DVD/CD Writer ($17.99 @ Newegg)
Operating System: Microsoft Windows 7 Home Premium SP1 (64-bit) ($88.73 @ Amazon)
Total: $1465.09
(Prices include shipping and discounts when available.)
(Generated by PCPartPicker 2012-08-01 07:01 EDT-0400)
Here is a good Gaming build. As you can see, the price is way below your budget. Start with that, and once you fill out the form, we can edit it as we see fit for your needs.