Here is what I came up with, this uses Nvidia's newest tech, Intel's Ivy Bridge, MSI's Best components, NZXT's no-compromises mentality, patriot will-not-fail memory, and did I mention the best Blu-ray burner on the market? This thing beats the build above in every level AND could squeeze in a sweet blu-ray player for putting your video's on scratch-proof high def blu-ray! I did have to get rid of water-cooling, but, you can still get a good amount of overclocking (not much but enough to warrant the 30 extra buck til you get a better cooler).
The CPU was the only unlocked choice, It allows PCIe 3.0 support in full, with no bottleneck! The Motherboard is Micro-ATX, but because of the saving with the silicon they put in better sound card (and it still allows CrossfireX, and SLI)! The Graphic card is the new GT 640, you probably never heard of it because while Nvidia was releasing their 690 (200 bucks more then this whole rig) they slipped this in the back door, this has new architecture, quicker speed, and can someone say powerhouse? Plus, FXAA works better on the 600 series then before, so ALWAYS turn the FXAA on, plus the whole PCIe 3.0 allows no bottle-necking! The case is a sorta-of in-between of quality and looks, it has a sweet window, plenty of fans, pure steel, and it looks like it will fit in with the rest of the parts! The Hard-drive was tough, I knew being a movie person space was important, and your needs screamed of no SSD help. So (and you probably have a couple old drives laying around anyways) here is Intellipower (somewhere between 7200-10000 RPM), quick, fast, cheap as they get. RAM, was tough, I decided since you got 4 slots you should only need to fill up 1! 8 gigabytes of RAM in 1 slot, that allows a lot of upgrades! The PSU was the best choice out there, plenty of power, plenty of connectors, this will allows CrossfireX/SLI down the road, so no need to have to upgrade! and because most Graphic cards sip power, this may becoming all you need for quad SLI one day in the not so distant future (pipe-dream or not, its a good though, you could get probably 3-way...). Last but not least, the blu-ray drive was a must, it allows you to put your movies on the best format! it can read regular disc's too, but now you just allowed yourself to produce any type of CD you want! and ASUS is known for quality products!
Cost: $780 (not including the large amounts of rebates)