And it's happening SOON!!! Am doing it in two parts, the main rig in November where I'll be using the on-board graphics card until I do the second part in May next year. Here it is:

CPU - Intel Core i7 4790K 4GHz Socket 1150 £269.86
Motherboard - Gigabyte GA-Z97P-D3 Motherboard £70.90
CPU Cooling - Noctua NH-D14 Dual Radiator and Fan £57.92
RAM - 16GB 1600MHz DDR3 CL10 DIMM (Kit of 2) HyperX Fury Black Series £65.86
Optical Drive - Samsung 24X Internal DVD Writer with SATA and M-Disc £11.49
Case - COOLER MASTER CM STORM TROOPER WITH WINDOW - USB3.0 XL ATX CASE £145.77

Total £621.80

In May next year I'll be getting either a Radeon R9 390X or a Radeon R9 Fury X.

If I get the Radeon 390X I might be able to 'Step Into The Rift' as early as May next year, if I get the Radeon Fury X I won't be able to afford the Oculus Rift gear until November next year.

The 390X is still a couple of steps above the recommended GPU but I know I'll be kicking myself a couple of years down the line when the eye candy quality of VR games goes up and I'm left forced to play the game on the lowest settings lol.

Please let me know what you think and any suggestions are welcome!

Don't we all pretty much do that every couple of years anyway? LOL, nice rig, though! I just bought my current pair (laptop and desktop) in early '14 so I'm at least a year away from new hardware, but if the consumer Rift is as demanding as the recommendations, I may at least be upgrading the video card. I'll see how it goes. I really don't want to spend any money next year except on my house. Roof is leaking and the A/C needs repairs. I might get by with the roof leak...

Awesome stuff, snowdog, hope you get a great overclock from your mobo and cpu.

Probably won't need to overclock anything to begin with, although the CPU has a boost thingummybob built into it.