Heres what I would do with 1500.
Antec Nine Hundred Case
eVGA 8800GTX
2x1GB G.Skill DDR2-800 NR Green model
320GB Seagate 7200.10 HD
580w Hiper PSU
20x Lite-on DVD/CD combo
Asus P5B-E
E6300
It all came to $1419 and if your interested or want to see the links just tell me. I was lazy today.