Are you saying go with the Two 2.8GHz Quad-Core Intel Xeon?

Just a warning here: I've had bad experience with newegg when I bought RAM there for my G5. The RAM failed a couple months later and newegg only offers direct replacement within 30 days. Afterwards, you're left with the manufacturer's warranty. In my case (ADATA) never honored the warranty and I was left with 2 bad sticks. Newegg wasn't willing to cover this. Ever since, I stick to OWC (Find the latest Performance Upgrades, Firewire and USB Hard Drives, SATA, Memory, Laptop Battery, and more at OWC). It might cost a few bucks more, but you get lifetime warranty and only a few questions asked if a RAM fails - which has happened to me with RAM for my MBP I had bought there. No big deal, after answering all their questions I got a replacement module. I'm not trying to flame newegg here, just telling my story...
Hope this helps.

Best,
Dino

Alright man, Thanks alot for the heads up.

i just got my two quad core 2.8ghz two days ago, and ohbaby it puuurrrsss=D

Haha. I am opting for one quad core 2.8 ...any particular reason you went with two as apose to one? It'd be good to know now because I won't be able to buy one of those later..

i just like all that power =D and i know when i bought my old power mac 5 years ago or so, i got the bottom of the line-ish 1.8ghz, and i regretted it. And it just one of those things that you can't upgrade down the line, so i took the bullet and bought the 2 quads.

$2,944-For:
AirPort Extreme card (Wi-Fi)
Two 16x SuperDrives
Two 2.8GHz Quad-Core Intel Xeon (8-core)
Apple Mighty Mouse
Apple Wireless Keyboard (English) + User's Guide
2GB (2 x 1GB)
500GB 7200-rpm Serial ATA 3Gb/s
Accessory kit
NVIDIA GeForce 8800 GT 512MB (Two dual-link)
and you could probably get away with the ATI card, which takes bout 150, off the price, i hear it performs better with the pro-aps. the only reason i went with nvidia was because avid doesn't support ati cards, so its hit and miss. You could also take off another hundred if you only want one dvd burner (for now,that can be upgraded later i believe)
than pick up this monitor:
http://www.compusa.com/applications/...-LCD_S203-2269

than down the line (within the year) buy the warranty(199 with student discount) for the computer once you start to make money with this baby.
it comes out to just about the same price your original post said.

EDIT: i just made the lowest computer i could on the apple store education section (with 2 2.8ghz quad core) and it comes out to $2,599.