this is what iv come up with, would be good to keep around the budget of £500
Intel Core 2 Duo E6320 "LGA775 Conroe" 1.86GHz (1066FSB) - Retail - £111.61
Arctic Cooling Freezer 7 Pro CPU Cooler (Socket 775) - £19.96
Corsair HX 520W ATX2.2 Modular SLI Compliant PSU (CMPSU-520HXUK) - £72.84
2 x Western Digital Caviar Special Edition 80GB 800AAJS SATA-II 8MB Cache
- (in RAID0) - £56.38
Gigabyte GA_965P_DS3 (Socket 775) PCI-Express DDR2 Motherboard - £70.49
Sapphire ATI Radeon X1950 Pro 256MB GDDR3 HDTV/Dual DVI (PCI - £99.86
GeIL 2GB (2x1GB) PC6400C4 800MHz Ultra Low Latency DDR2 Dual Channel Kit (GX22GB6400UDC) - £63.44
TOTAL (inc VAT + Shipping) = £506.27
also overclocking is deffinately intended
Intel Core 2 Duo E6320 "LGA775 Conroe" 1.86GHz (1066FSB) - Retail - £111.61
Arctic Cooling Freezer 7 Pro CPU Cooler (Socket 775) - £19.96
Corsair HX 520W ATX2.2 Modular SLI Compliant PSU (CMPSU-520HXUK) - £72.84
2 x Western Digital Caviar Special Edition 80GB 800AAJS SATA-II 8MB Cache
- (in RAID0) - £56.38
Gigabyte GA_965P_DS3 (Socket 775) PCI-Express DDR2 Motherboard - £70.49
Sapphire ATI Radeon X1950 Pro 256MB GDDR3 HDTV/Dual DVI (PCI - £99.86
GeIL 2GB (2x1GB) PC6400C4 800MHz Ultra Low Latency DDR2 Dual Channel Kit (GX22GB6400UDC) - £63.44
TOTAL (inc VAT + Shipping) = £506.27
also overclocking is deffinately intended

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