The Corsair 620 would easily power such a rig and save money to boot.
I also agree that a Conroe based system makes more sense than an AM2...a 6600 Core2 Duo paired with the Gigabyte GA 965P should do nicely.
As fun as the iRAM is, I'm not sure what use you see for it.
Forget the Raptors as well- a pair of perpendicular SATA Seagates run using Matrix RAID would blow the Raptors away.
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