A challenger appears!
I built a tower for myself a few months back:
-i7 930, overclocked at 3.63GHz (Prolimatech Megahalems heatsink)
-6gb tri-channel DDR3, overclocked at 1650 9-9-9-24
-overclocked ATI 5870, 1GB
-1.5TB Caviar Black HDD
-850 watt PS
-Coolermaster case
-DVD/RW
-etc
Came to just under $1500, but it should be future-proof for a while. Planned upgrades include a second 5870 in crossfire, SSD (possibly two in RAID 0), 6GB more RAM, and maybe bumping the overclock to 4GHz.
How are the overclock settings for the Alienware PC's? Can you overclock the cpu/memory/gpu to the point of melting or are you limited? Alienware is oh so sexy...