Here's my current setup...

Quad core 2.4Ghz cpu
4gigs ram
windows 7 64x
nvidia geforce gtx 460

It's a good setup and I'm able to play 95% of the games out there currently on max/ultra settings usually without any problems. Sometimes high quality shadows will mess with me.

One thing that I'm currently unable to do is record me gaming using fraps without there being lag. I don't know if this is because I'm recording it to my hard drive, and other people record it to an external hard drive or not.

But I was wondering what kind of setup you'd recommend to be able to play most, if not all, games on ultra settings, and be able to record video on fraps without there being any lag.

I have about $1,000 to play around with. No need to get monitors, as I already have 2 1080P hd monitors.

Thanks