Mobo: Fine
CPU: Assuming thats an E8400 fine just overclock it to 4GHz
Ram: 2x2Gb would better but what you have we'll do (32 bit os and all)
HDD: WD Black or Samsung Spinpoint F1 would be a great choice what size depends on your data needs
Video: GTX280 a solid deal right now or if you're an ATI fan have the budget I'd get a 4870x2 (just wait for the price drops)
Optical Drives: what you have now should do, just replace what breaks
OS: Vista is an option you might consider it even though Windows7 is on the horizon, what I have read going from WinXP to windows 7 won't be a simple task.
PSU: Didn't see one anything less than a 600w currently I'd upgrade, faster videocard, maybe some overclocking a 750+ would do say Corsair or Antec
Good luck and I hope I could help,
EE
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