What is a good gaming setup for a good price?

What is your budget?

Well I get a steady paycheck so I can save bit by bit. My m11x was around 1,000 at the time, I would like a tower around that price but still have good capabilities. Is that budget too small?

You will be fine on that budget. Should be able to max all games no problem. I'll put something together for you.

Awesome thank you very much.

PCPartPicker part list / Price breakdown by merchant / Benchmarks

CPU: Intel Core i5-3570K 3.4GHz Quad-Core Processor ($223.79 @ Amazon)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($32.94 @ Amazon)
Motherboard: Gigabyte GA-Z77X-UD3H ATX LGA1155 Motherboard ($148.98 @ Amazon)
Memory: Kingston 8GB (2 x 4GB) DDR3-1600 Memory ($47.48 @ Outlet PC)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($62.99 @ Compuvest)
Video Card: PowerColor Radeon HD 7950 3GB Video Card ($279.99 @ Newegg)
Case: Cooler Master HAF 912 ATX Mid Tower Case ($59.99 @ Amazon)
Power Supply: Corsair Gaming 600W 80 PLUS Certified ATX12V Power Supply ($67.34 @ TigerDirect)
Optical Drive: Samsung SH-224BB DVD/CD Writer ($17.98 @ Outlet PC)
Total: $941.48
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2013-02-21 22:00 EST-0500)

Parts could be moved around if you want an SSD.

It seems pretty reasonable, how tough is the assembly of all the components?

Not bad. Here is a video which is very helpful: https://www.youtube.com/watch?v=d_56kyib-Ls

If you dont want to experiment with overclocking, i suggest this.

PCPartPicker part list: http://pcpartpicker.com/p/F9ZA
Price breakdown by merchant: http://pcpartpicker.com/p/F9ZA/by_merchant/
Benchmarks: http://pcpartpicker.com/p/F9ZA/benchmarks/

CPU: Intel Core i5-3470 3.2GHz Quad-Core Processor ($149.99 @ Microcenter)
Motherboard: ASRock H77M Micro ATX LGA1155 Motherboard ($69.99 @ Newegg)
Memory: Kingston 8GB (2 x 4GB) DDR3-1600 Memory ($47.48 @ Outlet PC)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($62.99 @ Compuvest)
Video Card: Gigabyte Radeon HD 7970 GHz Edition 3GB Video Card ($429.99 @ Newegg)
Case: Cooler Master HAF 912 ATX Mid Tower Case ($59.99 @ Amazon)
Power Supply: Corsair Builder 600W 80 PLUS Bronze Certified ATX12V Power Supply ($59.99 @ Newegg)
Optical Drive: Samsung SH-224BB DVD/CD Writer ($17.98 @ Outlet PC)
Operating System: Microsoft Windows 7 Home Premium SP1 (OEM) (64-bit) ($79.20 @ Newegg)
Total: $977.60
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2013-02-22 04:37 EST-0500)

Awesome thank you both for the recommendations I am going to write down the lists and compare and start building haha.