I appreciate your input and will try to work toward something similar except I'll stick to a quad core.
Also, if you could stay within the link I posted above, I'd appreciate it.
Here's what I've got so far.
CPU: AMD ATHLON II X4 635 2.9GHz AM3 Processor ADX635WFGIBOX
Motherboard: Asus M4A77TD AMD AM3 Motherboard ATX
RAM: Kingston 4GB KIT DDR3 KVR1333D3N9K2/4G or Kingston 4GB DDR3 1600MHZ KHX1600c9d3K2/4G
HDD: Seagate Barracuda® 7200.12 Hard Drives ST3500418AS , 500 GB SATA
GPU: ASUS EAH5770 CUCORE/2DI/1GD5/A 1GB DDR5 Video Card
Optical Drive: LG GH22NS50 SATA Black
Cooling: CORSAIR CWCH50 Hydro Water Cooler LGA775, LGA1366, LGA1156, AM2/AM3 High-Performance CPU Cooler(There are cheaper alternatives...this seem a bit overkill though.
PSU: Cooler Master eXtreme Power Plus 500w (RS-500-PCAR-A3)
Case: ANTEC TWO HUNDRED V2 ATX Desktop Case
For a total of 844.35$ CAN. I can easily throw out another hundred bucks on this.