I would recommend i5 2500k (you can overclock it with a damn good motherboard from Asus). This processor is very popular and the best one for overclocking.
If intel then Intel 2100 or AMD Phenom 965 on amazon for $110. Decent mobo and a more money spent on the gfx card since that will have the greatest effect on your gaming experience. Cheers.
Thanks a lot...
But since I am on a tighter budget I decided to buy this mobo - Gigabyte GA-Z68AP-D3 Intel...
I want to know if this mobo is compatible with g skill ripjaws 8gb 1600..???