The bare bones kit you posted seems to be pretty good for the money.
The mobo (Intel D865PERLL) will probably be a good choice. It has built a built in gigabit adapter, firewire, and digital audio. These are the types of features you see on higher class ASUS and ABIT motherboards, but for cheaper. (i think everyone likes that)
Well anyway getting to the point.. I would go with that barebones kit, then get a ATI Radeon 9600 Pro or XT. I say this because these seems to be the best value GFX cards out on the market (plus i hate nvidia.) The SE model is cheaper.. but is also horrible (I have one
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Next to the RAM. It comes with 512mb DDR400 included. The motherboard supports dual channel RAM, but since it comes with bundled with one stick of RAM this feature is not available. So to overcome this I would buy another 512 stick of DDR400 (pc3200)
Corsair for 73 bucks If you get this you will have a gig of RAM and will be able to run it dual channel, which makes the memory run much more efficiently and faster.
I think thats it for now.. looks like a DoPe RiG tho.
PS... dont forget the underglow neons, blacklight, and UV reactive fans!