Wow, Leeky, thank you so very much for your input here! It is very much appreciated and I have decided to roll with some of the items you've recommended. But be aware, this is still a work in progress, were still in the draft stage of the game here and items here after are still open to debate, suggestion or recommendation! But I do feel that we are indeed getting close to making this rough draft "final"! 
So here's what I've got so far, also note and the end of every option I am putting an "ATP" as I add it up as we go! The "ATP" stands for "at this point"!
Here we go...
Thermaltake Chaser MK-1 Full Tower Case- VN300M1W2N ($149.99)
http://www.frys.com/product/6639144?site=sr:SEARCH:MAIN_RSLT_PG
LD Dual 12" CCFL - Blue ($7.99) (ATP = $157.98)
http://www.frys.com/product/4636228
Cooler Master Megaflow 200mm Blue LED Case Fan ($6.99) (ATP = $164.97)
http://www.frys.com/product/6233530?site=sr:SEARCH:MAIN_RSLT_PG
Thermaltake Toughpower XT 775W Continuous-Delivery Modular Power Supply($99.90) (ATP = $264.87)
http://www.frys.com/product/6301331
I know Leeky you pointed out another power supply, but I feel more comfortable with a 775 Watt unit!
Gigabyte GA-990FXA-UD3 990FX AM3+ Motherboard ($149.99) (ATP = $414.96)
http://www.frys.com/product/6821096?site=sr:SEARCH:MAIN_RSLT_PG
AMD FX-8120 8 Core ($159.99) (ATP = $574.85)
http://www.frys.com/product/6820696
I decided on going with the CPU that you recommended Leeky, it makes more sense than my original pick!
(2 Packs) CORSAIR Vengeance 16GB (2 x 8GB) 240-Pin DDR3 SDRAM DDR3 1600MHz - Total 32GB ($99.99 Each) (ATP = $774.84)
Hitachi GST 0F12117 2TB CoolSpin SATA 3 ($99.99) (ATP = $874.82)
Patriot 128GB TorqX SF4 Solid State Drive (SSD) ($59.99) (ATP = $934.81)
http://www.frys.com/product/6064158?site=sr:SEARCH:MAIN_RSLT_PG
The Hitachi will be used to host everything from my games to my music files, my video files and just misc. stuff! And the Patriot will be used to host Windows 7, Office 2007 and all O.S. specific software!
LG Internal SATA 12x Super Mult Blu Ray Writer ($99.99) (ATP = $1034.80)
EVGA GeForce GTX 670 FTW 2GB GPU ($389.99) (ATP = $1424.79)
As long as we think that one video card can cut it, I'm willing to roll with it, but if we need to step up and possibly get another one of the same, I'm okay with that as well.
PPA 5 PORT PCI/USB CARD ($14.99) (ATP = $1439.78)
http://www.frys.com/product/3506204?site=sr:SEARCH:MAIN_RSLT_PG
(3, Yes 3) LG E2442TC 24" Class Slim LED Backlit Monitor's - 1920 x 1080, 16:9, 5000000:1, 5ms, VGA, DVI-D, Energy Star ($179.99 Each) (ATP = $1979.75)
Logitech Wireless Wave Combo MK550 ($79.99) (ATP = $2059.74)
Logitech Z506 5.1 Speaker System ($99.99) (ATP = $2159.73)
Windows 7 Ultimate 64bit (Full) - System Builder (OEM) version - DVD ($149.99) (ATP = $2309.72)
http://www.frys.com/product/6028118
I decided on running with the Windows version you described, seeing that I'm defiantly getting the hardware, the OEM version makes more sense.
Creative Lab PCI-E X-Fi Titanium FatalTy Champion Series Internal Sound Card ($179.99) (OPTIONAL) (Possible ATP = $2489.71)
Personally, I'm on the fence in regards to the sound card! Seeing that the motherboard alone has a pretty decent 5.1 surround sound setup, I'm starting to think there might not be a need for an additional sound solution! What do you think?
Also, how do we feel about possibly running with a wireless network interface card? For I've installed those on several of my clients computers and they report back that they love the option to move the computer around their home, without the need of worrying about an RJ-45 cable. Just wondering if we should roll with that? If so, I think I'll go with the following option...
D-Link DWA-525 Wireless N 150 Desktop PCI Adapter ($34.99)
http://www.frys.com/product/6310241
If not that NIC card, maybe something close to it!?! Because I wouldn't mind the luxury of being able to move my computer where ever I wanted, and not have to worry about gosh darn cables and cords.
Well I think this just about does it for this draft, again I think this draft is pretty close to being "final"! I'm feeling very good with everything that is so far on the list. But again, it's all open to suggestion right now!
Also I'm curious to know how you, or anyone else feels about stock cooling solutions? I know with the likes of that AMD processor, it will come with it's very own stock cooling fan and mounting socket, but is stock good enough here, should I think about possibly going exotic with some sort of CPU cooling solution, or is stock just fine? I know when I build client computers I just use the stock out of the box stuff, but that's for basic systems, not ones like we are building here................"just curious"!?!