How is this build for a gaming PC ($1200 budget)?

Here is my current build:

ASUS P5N32-E SLI Plus LGA 775 NVIDIA nForce 650i SLI ATX Intel Motherboard

EVGA 640-P2-N821-AR GeForce 8800GTS 640MB GDDR3 PCI Express x16 HDCP Video Card

OCZ StealthXStream OCZ600SXS ATX12V / EPS12V 600W Power Supply

Intel Core 2 Duo E6600 Conroe 2.4GHz LGA 775 Processor Model BX80557E6600 (maybe take Q6600 in July?)

G.SKILL 2GB (2 x 1GB) 240-Pin DDR2 SDRAM DDR2 800 (PC2 6400) Dual Channel Kit Desktop Memory Model F2-6400CL4D-2GBHK

HITACHI Deskstar T7K500 HDT725040VLA360 (0A33439) 400GB 7200 RPM SATA 3.0Gb/s Hard Drive

LG 18X DVD±R Lightscribe DVD Burner Black IDE Model GSA-H44LK

NZXT Nemesis Elite Black Aluminum ATX Mid Tower Computer Case

TOTAL: $1205

How is this build for a gaming PC for my budget?

Can I play next-gen games (example: Crysis, Oblivion)? and how economically will this build play them?

Anything I should change? any suggestions? any proposal?

Thanks!

Answer:
It looks pretty good. And DX10 works near all games, the guy above me doesn't know what he's discussion about. Some suggestions I might be paid though, knock the PSU down to a 550Watt and the RAM to DDR667. Use the saved money on a better CPU enthusiast. That processor has moderately a bit of overclock potiential, and it would be maximized by a better lover. Also you should get some thermal attach.

Other than that it looks pretty good. Games approaching Crysis and Oblivion should run great. You can't run with top settings elevated resolutions flawlessly, but nothing currently out does, and this is pretty close to top-of-the-line.
psyche go beside a AMD dual core processor. there cheaper than Intel but work simply as good. adjectives your buying is the brand name near the Intel
I'd use it. the only problem I could see coming up is wioth the video card. 8800 uses DirectX 10. Some games won't work next to it. Also, I hope you're going to be using that with vista and not XP. I haven't hear many flawless thing beside XP and DirectX 10.
<3 !
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