I built a six core AMD machine running at 22ghz with an ATI HD6870 for under £500, it's not as good as an I7, but it's good for any development work running as many virtual machines as I need, and when I'm bored playing Black Ops, Bad Company without skipping a beat so good enough for games as well
Unless you want to play games at silly resolutions, you could get a cheaper system building an AMD rig.
Unless you want to play games at silly resolutions, you could get a cheaper system building an AMD rig.

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