Cpu - Intel core i5-750 (2.66Ghz) - 10.25k
Mobo - GA-P55M-UD2 - 6.75k
Ram - Transcend 2x2gb 1333mhz ddr3 - 5.2k
HDD - Seagate 500gb - 2.3k
Optical drive - Samsung/LG DVD writer - 1.1k
Monitor - Benq G2200HD - 8k
Graphics card - ATI HD 5770 1gb GDDR5 - 11k ( DX11 futureproof)
Cabinet - Cooler Master Elite 334 - 2.1k
SMPS - Corsair VX 450 - 4k
Total - ~51.5k
or
AthlonII X4 620 - 5.4k
Gigabyte 785GMT-UD2H 5.9k
Transcend 2x2gb DDR3 1333 - 5.2k
Seagate 500GB 7200.12 - 2.3k
Cooler Master Elite 334 - 2.1k
Logitech Mouse/KB - .7k
Samsung/LG/Sony SATA DVD R/W- 1.1k
Benq G2200HD - 8k
Ati 5850 - 17k
Corsair VX 550 - 5.6k
Total - 52k
But as you are into encoding and stuff i would suggest you go for the core i-5 setup as the CPU is very powerful when compared to the AthlonII X4