Computer

d/xt vips .

Cheap and effective:
CPU - some AMD Phenom II Black Edition AM3 socket
MB - some Asus, GB, MSI MB with chipset 760/785/790/880, AM3 socket
RAM - 2x2GB 1333MHz DDR3
HDD - 1TB Samsung F3, WesternDigital, Seagate
VGA - cheap and good HD5670, not so cheap and better HD5770/GF460/HD6850
DVD - some LG DVD-RW
PSU - good brand 500W(not Codegen, JNC etc cr@p) - Thermaltake, Corsair, Fortron, Enermax, etc. etc. etc.
Sound - optional - Asus XONAR DG
Some case to put all the shiet in.

= great and cheap all-around PC

Congratz, have fun!