For under 700? Easy!
Im going to through this in here, althought building your own is alot of fun, the systems offered here are quite nice and match closely to what it could cost you to build your own system, either way its a good way to check the prices and see whats avaliable.
http://www.ibuypower.com/ibp/store/conf ... px?mid=182
I just built a machine for $390 (Exluding shipping) or there abouts, everything but a monitor/keyboard/mouse.
If your looking at doing any gaming then you would need a video card, something I didnt buy.
This is the break up I would suggest.
CPU ~ $150 - AMD; this could get you a really nice proccessor. Intel; average.
MB ~ $120 - This will get you a nice mobo to run everything, I usaly spend more on a mobo because its the base of your system.
RAM ~ $80 - Easy to 2gigs if you wanted and not the crap stuff.
PSU ~ $60 - Just read the reviews, easy 400-600 WATTS, which is almost overkill, I would go with the lower watts for the higher price, aka better quality.
HDD ~ $100 - This is about a 320GB HDD
GPU ~ $150 - Get you either a High end DX9 card or a mid way DX10
CASE ~ $50 - This can very greatly, but I find cases in this price range are solidly built
CD DRIVE ~ $30 - DVD/CD Bunner
If your looking for a budget machine and dont really care about being in the main stream you can easly get a very nice CPU for under $100. The only reason I put it at $150 is in case you go toward Intel Core2Duo. Those are going to run you more toward $200.
Now if you really want to amazine someone get the new E8400 (3.0 GHz 6MB Cache, 45nm Tech) Its only $220 or so and is simply AMAZING. It would probably be the last CPU you ever buy, however to run that you would need to spend more money all around so It might not be the best idea.
AMD is currently dropping in price like crazy because they have nothing to really compeat agenst Intel.
Althought for another $300 or so (totaling around $1000) You could build a very nice machine. I would suggest look around find what you need and dont try to over buy. There is no reason to get a machine you will never use.
All in all, you can easly build a nice computer for under $700.
This is what I got in the machine I built for $390 (Exluding shipping).
CPU ~ $66 - AMD Athlon 64 X2 4000+ Brisbane 2.1GHz Socket AM2 65W Dual-Core (OEM) - ARCTIC COOLING ALPINE64 92mm CPU Cooler
MB ~ $87 - ABIT AN-M2 nView AM2 NVIDIA Geforce 7025/NF630a Micro ATX AMD
RAM ~ $44 - 2xWINTEC AMPX 1GB 240-Pin DDR2 SDRAM DDR2 800 (PC2 6400)
PSU ~ $45 - SILVERSTONE ST400 ATX 12V 2.2 400W
HDD ~ $110 - SAMSUNG SpinPoint T Series HD501LJ 500GB 7200 RPM SATA 3.0Gb/s
GPU - (Integrated)
CASE ~ $20 - Rosewill RZS01 BLK Black SGCC Steel ATX Mid Tower
CD DRIVE ~ $17 - LITE-ON Black IDE DVD-ROM
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