Erm...I think your reading the first post not the latest spec, cause I only specced 6GB of RAM, although I debate your assessment that I can't use it, since I do a lot of HQ video transcoding and RSE music projects. I specced it down because I needed to get back down to my £1400 budget. I'll likely upgrade to 12GB in 6 months or so, if I need to. For the seventh time in the thread, I am choosing that PSU because it is proven to be reliable and its a company that I trust, and not an unknown generic china-build spitball that was cobbled together with a rock and string, and thus I will not be changing it. The Antec 900 is also overused since everyone has either Antec or Coolermaster cases, so I went for something different. Cooling is fine on the Lexa S, has 4 fans (1 front, 1 side, 1 back, 1 top) and an expansion slot for another at the top (and I'm guessing that you haven't looked at the Lexa S).
I also disagree with your assessment of 'spending less now and upgrade constantly' methodology. By spending more now, I can maintain a high level of performance for 7-8 years until we get to the 'OMG LOL EPIC GRAPHIX' games like we have been this year with MW2/BC2 (compared to Mk. 1). £500 is a very low figure for a computer to begin with, and thusly you'll be able to play MW2/BC2.....on medium. And then, you advocate spending £500 every two-three years to upgrade it, which will end up, over the lifespan of my method (8 years), costing you more, not to mention you will be settling at a mid-end constantly. By buying premium parts now, you start that the ultra-high end, and let technology take it's course, meaning you will decline with time, but it will be many years before a computer built by your method would beat one built on my methodology. With Mk. 1, I only really went below mid-end performace the middle of last year, just over 6 years after I built it, and thats was mainly due to age and abuse of the system, not the parts themselves.
Obviously, this is technology and new stuff and upgrades come out all the time, but as shown in benchmark charts, the GTX 295 (DX 10) is still competing comparably with the lower-end ATi DX 11 cards, so the older stuff doesn't instantly become useless the second the next set of parts is released.
I was reading an advice book aimed at teens, students and young adults a while back, and whilst I can't remember the title, it has given me on bit of key advice which I have enacted on many occasions. "If your going to buy something, and you will either use it alot or it is key to your life in some way, then spend a little bit extra to get the higher quality - it will last longer, and thus save you money, as well as give you better satisfaction with the product". Every time I've put this into practice, I haven't been disappointed. Every time I haven't, I've wasted money and then gone back to the theory.
One final point,
AMD phenom slightly overclocked will rape a i7 stock
I know your at uni, but were you smoking the doobie when you wrote this?
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