Pretty much... This is a whole lot of money to spend on a computer that overall is not very good...
Here is an idea I threw together-
Samsung SATA DVD/RW lightscribe *on of the BEST drives available*
If your not planning to buy and watch HD or Blu-ray movies on your computer
those drives are stupidly overpriced...
http://www.newegg.com/Product/Produc...82E16827151154
Lian Li PC-7B Plus
http://www.newegg.com/Product/Produc...82E16811112099
Basic case, rock solid, great cooling
Seagate 7200.10 400gb drives
http://www.newegg.com/Product/Produc...82E16822148138
2 or more, raid them they will destroy WD's and the 10k isn't worth anything unless your running a server or "NEED" super low response time *used in things like audio production for live recording*.
Same screen-
http://www.newegg.com/Product/Produc...82E16824255001
DUAL HD3850's 512mb
http://www.newegg.com/Product/Produc...82E16814102715
*Whoop that 8800GT into silly submission!
Here is your Prelude
http://www.newegg.com/Product/Produc...82E16829156005
PCPC 750 watt psu *A REAL high quality psu
http://www.newegg.com/Product/Produc...82E16817703009
Same speakers-
http://www.newegg.com/Product/Produc...82E16836116153
2x2048 Gskill DDR2 1000 ram
http://www.newegg.com/Product/Produc...82E16820231145
Asus P5K-E *Great mainboard with good reviews, I have personally owned this*
http://www.newegg.com/Product/Produc...82E16813131225
E8400 "bang for buck chip by far clocks to 4+ ghz easily"
http://www.newegg.com/Product/Produc...82E16819115037
Zalman 120mm fans... Better air flow, give your graphics cards cool air! 3 of them..
http://www.newegg.com/Product/Produc...82E16835118008
Arctic Cooling Freezer.... Very good, price is unbeatable
http://www.newegg.com/Product/Produc...82E16835186134
Same headphones-
http://www.newegg.com/Product/Produc...82E16826249016
Barely over $2200 and would destroy the system you have posted above... Completely destroy it!