No matter what, I'd say you came to the correct place for some input.
Im actually in the same boat you are, in reguards to the $$$.
That being said.
I'll give you my 2 Cent.
I just built a system Identical to what your looking at.
I went with this:
Evga nforce 780i Motherboard.
Intel E8400
XFX 8800GTS (G92) XXX Alpha Dog.
mushkin 2x2G PC8500
2x Western Digital Caviar SE16 WD6400AAKS 640GB
Xigmatek HDT-S1283 H/S
I already have:
Antec 900 Case
Cosair 520hx PSU
I've still yet to recieve my GPU and Ram, Due to the fact that they were shipped from Cali, and the other parts to my build were shipped from Nashville, TN.
I Live in Kentucky, so naturally the parts shipped from Nashville arrived at my door 2 days before the rest.
Which is fine, Gave me plenty of time to do some Wire-management, Which is now Clean, just waiting on the rest of the Pwnware.
Anyway, I'll let you know how this set-up Performs.
I'll say this before hand however.
From what i've read the X45 Motherboards Seem to be more OCable, in comparison to the 780i chipset.
I wouldnt say that the 780i is a bad choice however, Im not looking for Max OCability..
Of your looking to push your CPU to the edge, and running some form of H2O cooling, maybe the 780i would be a poor choice.
I however looked at it from the perspective of.
Hey, I don't need a 5ghz CPU to run Crysis, AoC or any game for that matter.
Not to mention in the fact that the 780i is one of the select few boards that allows for 3x SLI, pretty pro, if you ask me.
On the same note, SLI doesnt seem to scale worth a **** in comparison to Xfire..
Just for reference
http://www.legitreviews.com/article/681/6/ATI's Xfire scaled to 40%, where as SLI scaled to 3%? wtf Nvidia. *the 9800gx2 still spanks the SLI'd 3870x2, which is sad, but. *shrug* Who knows what the soon to be released 4870 will do.
Back to the topic.
I think if you choose any one of the high end Motherboards to match your E8400, your going to be well pleased, and hell you may even be suprised at what your "budget" system will be able to do.
At lower Resolutions the 8800GTS Is actually an extremely powerful card.
I personally selected the 8800GTS over the 9800GX2, simply because my LCD is a 22" KDS, that runs at a Native 1680 X 1050.
Heres a link that will some you some comparisons between to top end 8800's, at 1680x1050.
http://www.legionhardware.com/document.php?id=710&p=2Keep in mind, those benchies are run in DX9.
However, i'll be using XP 32bit, until I see a Need to pay $170+ on Vista Ultimate 64-bit
Just to answer a few of your questions with my personal opinion.
Why not buy a motherboard with PCI-X 2.0? Your GPU supports it, might aswell.
In response to your 700's chipset question, I honsetly dont know how to reply.. I've yet to boot my Motherboard, and load the GPU drivers.
I will say however, That your never going to get a fail-safe computer product.. I'd almost bet that for every 1 negative post your going to encounter 100x positive reviews for the 780i chipset.
Its been out for a while now, therefor its Drivers have had some time to mature.. *shrug* I'll have a more concrete response to that question tomorrow.
And, Since you already have 2GB's of Corsair DDR2 PC6400, I cant recommend Forking over $$$ for DDR3.
Your ram is pretty Choice, I'd say stick with it, hell even OC it.
Forgot to mention, What case do you have?
I have an Antec 900, that i've.. Modded.. *no cutting mind you*
For better Cable Management, One thing i will say about my build is.. It wouldnt have been very aesthetically pleasing, if i hadnt spent 7 hours tweeking wires and what not
The Evga 780i is.. well sort of laided out funny..that being said, the Antec 900 has a bottom mounted PSU.. So.. some of the cable routed problems I faced.. someone with a top mounted PSU case, would'nt see.
Anyway, this is an extremely long reponse, lol hope you found it.. helpful.
Good Luck mang!