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You didn't say anything about how you use the computer, or expect to in the future. While you can buy components to get the latest and greatest, I'm one of those that believes that a computer is a tool and you should match the tool to the job.
that is a very good point..., I did not say what I planned on using it for..., I really should've, I guess I forgot or something
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You can easily spend $1200 and have a shiney new (powerful) computer, but are you going to really see a difference for the money? It all depends on what you need the tool to do (and how well your current tool does the job).
I dont plan on paying all of that money on a new system, hell no.., I realise that I could pay almost twice (or more) as much to get the latest and greatest and only get a 10% boost..