ojas :
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I personally look to spend that much that gives me around 50-60 fps minimum maxed out (with at least 4xAA) in all games that i play, at the resolution that i play on. Any additional funds go into other things, like storage, power, cooling, the case, etc.
I'm a big believer in an all round rig. If i'm spending money, i don't want to regret small sacrifices later, and i do that a lot (regret small sacrifices).
This. You don't build a PC without specific purpose(s), and without performance targets. And, you cannot judge a build without considering the purpose(s) for which it was built. The SBM PCs are built to compete in certain benchmarks (and to encourage lots of discussion, hopefully intelligent). Most people don't build that way (which is no slight at the SBMs; they are consistently one of my favorite features on this site).
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I do remember a "Build a $500 Gaming PC" article some years ago (featuring a Pentium 805D) which very likely influenced the SBMs, but was written very differently. "Build a ________ PC" would indeed make another interesting and useful
instructional series, perhaps one every 2-3 months, NOT always focused on gaming. I'd suggest every other one be devoted [primarily] to something other than gaming, such as HTPC, Home Office, "typical" office, CAD, database, etc. These need not be given away, but could be used as instructional articles for people looking to build. Flesh them out by publishing videos of each actual build, such as on YouTube.