Would you guys consider this a good gaming PC for competitive games? The only game I am really interested in is Quake Live. Thanks for the help!

Also, I need a recommendation for a good gaming monitor as well? Keep in mind that I do not care about having a higher resolution than 1280x1024, widescreen, etc. Thanks again!

3.0Ghz Intel Core 2 Duo E8400 6MB Cache FSB 1333
Stock Intel LGA775 Heatsink and Fan
GIGABYTE GA-EP35-DS3L (Intel P35, PCIEx, 8-Channel Audio, LAN, 4xSATA2, 4xDDR2, 1333FSB)
4GB (2GBx2) PC6400 DDR2 800Mhz Memory Lifetime Warranty
500GB 7200RPM 16MB Cache Serial ATA300
20X Samsung SH-S202G Dual Layer DVD+/-RW/CDRW w/Nero
512MB ATI Radeon HD4850 GDDR3 PCI Express DVI/Tvout
Raidmax Black Sagitta 2 (5 5.25, 5 3.5 bays) 2 Fans, Window, Front Audio/USB
500watt Antec EarthWatts EA500
Onboard LAN included
Onboard Sound included
Standard 1 year parts and labor

Price: $778