I went for a 1156/DDR3 chipset setup this time as it is still cheaper and just as efficient as sandy bridge in my opinion.
Specs
Tagan BZ Series 800 Watt Power Supply Unit,
AsRock P55 Pro/USB3 Motherboard,
Antec full ATX tower case,
Tranquillo CPU Cooler,
Intel Core i3 530@4.40Ghz.:D
8GB of DDR3,
SATA Samsung HD753LJ 750GB Hard drive,
SATA Samsung HD501LJ 500GB Hard drive,
XFX ATI Radeon 5870 with Arctic Cooler GPU cooler.