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I spent less than $1200 on my computer about a year and a half ago, it is nowhere near top of the line. 2 GHz processor, 2 GB ram, 256 MB video card (Radeon X800 or something)
Yet, I can play all new release titles at Medium or higher settings. I just picked up a great widescreen monitor today that makes everything look that much better.
You can get a good PC for less than $1000 if you know what you're doing. If you are serious about gaming and want a speedy machine, you can easily do it for less than $2000. Don't buy from companies like Alienware, they charge way too much. Build it yourself, or buy the parts yourself and get someone to help you.
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