The GTX260 isn't a bad card. It's a touch better than the 9800GTX it replaced. Yes a 32-bit version of Windows will run fine on a mainstream 64-bit processor, however you will lose a good chunk of RAM (you'll likely only be able to use around 3.2GB - and the more memory a graphics card has, the more system memory you'll lose access to), and that wouldn't increase if you added more RAM - you'll never have access to more than ~3.2GB of RAM, and with the graphics card above, you'd be limited to ~2.5GB of RAM. 64-bit Windows is perfectly fine in all but the worst programmed programs now and doesn't have such RAM limitations.
Had a look at speccing up a similar system myself, and came up with this:
Triple core processor, so split between the dual and quad offered above - the speed of it is also right down the middle. Odd that they didn't offer the choice really. It wouldn't make sense to get a dual core (you'd only save £5-10) and the quad cores I'd recommend (the 45W 2.2GHz one) aren't out yet. Triple will give you a strong medium and excellent value for money.
Graphics card is one of the excellent new DirectX 11 ATI ones - similar basic speed to the GTX260, which costs around the same if you prefer NVIDIA. Edit: didn't realise that HD5770 was out of stock - there's another identical one from Powercolor which is 50p more.
Hard drive is one of the fastest 500gb ones around (there's also the similarly good Samsung F3 for a fiver less).
Power supply isn't one made of PR numbers. It's a good solid PSU rather than trying to blind you with a cheap PSU that can't output the rated power (which is the usual trick for cheap Ebay-style OEM systems) and usually ends up in a bang which takes out half your system if you push them beyond half of their rating. Whether that is one of those or not I don't know for certain, but such a PSU specced with such a system is normally a damn good giveaway - a good version of a 700W+ PSU costs £100 on its own.
In short, the spec listed isn't bad value - you're not being fobbed off with a @#$%&, onboard graphics chip - but you could build better for less and be safer in the mind that what you have bought is solid as a rock. I'd say in the end it boils down to how much you trust the seller, but if you do go with it, I'd change the graphics card. 1.6GB of graphics memory is a complete waste of time and will only slow down the rest of the system if you use 32-bit Windows - the 800MB GTX260 is exactly the same speed.
Edited 2 time(s). Last edit at 11/14/2009 01:55PM by gav.