What I meant to say was that you should be able to have both the i7 and a nice graphics card for $1300.
CPU i7 920 $280
Mobo Asus P6T $250
RAM 6GB DDR3 $120
PSU 650W $100
Cooler $80
HDD 1 TB $100
Burner $20
Case $100
GPU GTX 275 $250
Total $1300
If you need to buy an OS you can save about $70 by downgrading the GPU to a GTX 260.
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