Ok this is the final product I think.
Case:
Antec Fusion Remote Black - $149.00 Free Shipping
Includes LCD, IR, Very Quiet
Motherboard:
GIGABYTE GA-880GMA-UD2H - $99.99 + 2.99 S/H
MicroATX
CPU:
Phenom II X4 910E AM3 2.6G - $162.43 + $4.95 S/H
Green CPU, Runs Half Wattage and Much Cooler
CPU Heatsink: (Not Set in Stone) - $32.00
Scythe SCSK-1100 Shuriken CPU Cooler (Rev. B)
Extra Quiet
RAM:
G.SKILL 4GB (2 x 2GB) DDR3 1333 - $46.99 FS
PSU:
SeaSonic X650 Gold 650W Modular - 134.99 FS
Very Quiet, Great Reviews, Fan only turns on under major load. I know it's expensive but I think it's needed
Video Card:
SAPPHIRE Ultimate 100289UL Radeon HD 5670 1GB - $99.99 + $2 S/H
No Fan, Doesn't take up two slots
Hard Drive for OS:
OCZ Vertex 2 OCZSSD2-2VTXE60G 2.5" 60GB SATA II $119.99 FS w/ $10.00 rebate
Will hold windows 7 32bit for instant on from hibernation
Hard Drive for Storage:
Western Digital Caviar Green WD20EARS 2TB 64MB Cache SATA 3.0 - $79.99 FS
Very Quiet/Energy Efficient Green Drive
BluRay Drive:
LITE-ON 12X iHBS212 LightScribe - $129.99 + $4.99 S/H
Supposedly Pretty Quiet
Tuner Card:
Ceton InfiniTV 4 - $399.00
Allows you to replace your DVR/HD box. 4 HD signals at once to record/watch. Can watch in other rooms across network.
May pick up a sound dampening kit for the case as well.