@patvb: Alright...I'm working on something here. The direction I'm going in is a very high end gaming PC in a mid tower case with a lot of storage and a top of the line monitor. Here's what I came up with that fits into your budget, I'll explain each part and why I chose it. There is a lot of room to play with here in both directions just depending on what you want from each component, the options are infinite. But this is at least something to start with. This is a well balanced build that doesn't skimp on anything, but isn't overkill either.
PCPartPicker part list: http://pcpartpicker.com/p/yXrzFT
Price breakdown by merchant: http://pcpartpicker.com/p/yXrzFT/by_merchant/
CPU: Intel Core i5-4670 3.4GHz Quad-Core Processor ($219.97 @ OutletPC)
I went with the non-K variant 4670 and the stock CPU cooler based on the assumption you will not be overclocking your CPU. This is as much as you need for gaming and then some. The stock cooler is all that is needed if you're not overclocking, so don't spend the money on a Noctua or something like that. However, if you do think you may want to OC one day, you may want to spend a bit more and get a nice aftermarket cooler now. Add $100 for a K-chip and a Noctua NH-D14 if you want to overclock. The new i5-4690 chips were just released but consume a little more power for only 100mhz more base clock speed...may or may not be worth it depending on your preference. If you do want the new series CPU you will need a compatible motherboard with either the Z97 chipset or Z87 that can be firmware upgraded to run a Devil's Canyon chip.
Motherboard: MSI Z87-G41 PC Mate ATX LGA1150 Motherboard ($71.99 @ Amazon)
Very well regarded mid-range motherboard, it's all you need if you aren't going to OC. Lots of ports and features, plenty of DIMM slots for memory.
Memory: Corsair Vengeance LP 8GB (2 x 4GB) DDR3-1600 Memory ($89.98 @ OutletPC)
Low profile DDR3, you don't need "gaming" memory or anything faster than 1600mhz. Avoid RAM with giant heatsinks, it's not necessary and could cause clearance issues at some point. 8gb of RAM is all you need for gaming, and you can always cheaply upgrade to 16gb later on if you feel like you ever need it. Which you probably won't.
Storage: Samsung 840 EVO 250GB 2.5" Solid State Drive ($129.99 @ Amazon)
I consider SSD's a must for new builds, and this is a nice one. Plenty of room for Windows and your most often used apps and games. $129 is nothing for how fast your boot times and load times become and how silent it will help make your PC.
Storage: Seagate Barracuda 2TB 3.5" 7200RPM Internal Hard Drive ($82.99 @ NCIX US)
2TB of mass storage for all of your parked games and recorded video. You can easily add more hard drives later, and by the time you actually need them they will be even cheaper.
Video Card: Asus Radeon R9 280X 3GB DirectCU II Video Card ($302.98 @ Newegg)
Current price to performance sweet spot in GPU's. Not the best in the world, but going up to a 290x or GTX 780 will be 60% more expensive for not nearly 60% more performance. And this is coming from someone who did buy the 60% more expensive one. I prefer Nvidia cards but most people seem to be recommending the 280x as the "best buy" right now.
Case: Fractal Design Define R4 (Black Pearl) ATX Mid Tower Case ($79.99 @ Newegg)
Awesome looking case with great features that isn't too big, and it's quiet. Comes with two case fans and room for five more. Add $30 for a pair of Corsair AF120 Quiet Series case fans for a total of four. (Recommended but not necessary). A good case will run you $80-$100, so just pick the one you think looks the coolest that has good reviews. There are a lot out there.
Power Supply: SeaSonic 660W 80+ Platinum Certified Fully-Modular ATX Power Supply ($138.98 @ OutletPC)
Quiet, efficient, and stable power. Fully modular so you only use the cables you actually need instead of having a rat's nest that you need to hide somewhere. Don't skimp on your PSU. 660w is plenty enough to run a pair of GPU's and everything else you will need. There are options here from several of the big PSU companies such as Corsair, but for a good modular PSU expect to pay $100-$150. I recommend a minimum of a Gold rating at 600w+ and at least semi modular. Get one that is regarded as being quiet - the good ones' fans don't even kick on until they're under quite a load, and are nearly completely silent.
Monitor: QNIX QX2710 Evolution II Matte 120Hz 27.0" Monitor ($338.00)
The current enthusiasts' favorite 1440p monitor...because 1080p isn't enough anymore! You could save $200 here by going down to a 1080p monitor, but you're going to be looking at this thing a lot so you may as well get a nice one. Since you stream you may elect to go with a pair of 1080p monitors instead of a single 1440p for additional real estate, one for your game and one for everything else. A lot of flexibility here, it's all personal preference. You could save about $150 by getting a single high end 27" 1080p monitor.
Keyboard: Logitech K120 Wired Standard Keyboard ($9.15 @ B&H)
Standard keyboard. I'm not a big proponent of "gaming" keyboards, I'd rather spend the money on a good mouse.
Speakers: Cyber Acoustics CA-3090 10W 2.1ch Speakers ($25.53 @ Amazon)
Decent speakers with a subwoofer...not garbage but not top of the line either, you can change this if speakers are important to you.
Total: $1489.55
Prices include shipping, taxes, and discounts when available
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