ok - so i'll recommend the following
these are all "online" prices - local stores will be at least 10% higher....
- Pentium 4 2.0GHz ~$250
- Gigabyte P4 Titan DDR Motherboard ~$75 - this includes onboard sound and Promise ATA133 w/RAID chip
- 512MB DDR ~$130
- 120GB Western Digital 7200rpm drive(s) ~$160/each - if you want big storage, use the RAID on the motherboard and put 2 or three of these drives together
- Geforce4 MX440 64MB Videocard - ~$80
- always good deals on CDRW online - you can get 24x burners for ~$80 if you look around
- as far as monitors go, you can find decent prices locally on 17" or 19" CRT's, no need for flatpanels unless you want to spend the $$$ - i'd recommend a 19" screen if you have the room
- speakers - lots of good online deals, if you want to just listen to the music, get the Klipsche 2.1 (~$180) system - if you're looking to do surround sound, etc - do the Logitech Z560 setup (~$140 online)
a case for $80 with a 300W power supply
so you're looking at about $1500 (probably less) but it's a SMOKIN system for audio....