You could have gotten much better for $1200. A single core FX-55 was defintily not the best choice. The RAM is nice but where did you spend all your money?
This is what I managed to get for the prices
PC power cooling :$300
mobo/cpu/ram: $700
case $130?
WD HD: $80
Video card: $80 (had awhile ago)
cdrom: $30 (switched cdrom from boxes - put expensive one in the $30)
I assume we're talking liquid cooling, i which case i would have probably said that $300 was a bit dear. A setup like that doesn't really need liquid cooling anyway, a Zalman or two would do the trick and for only like $50