http://csd.njit.edu/compreq/precision.php

Precision Workstation minitower PC 380

• Intel PD Processor 830 3.0GHz Dual Core
• 2x 1M L2 Cache
• 800 MHz Front-side bus
• 4GB RAM – 533 MHz DDR2
• PS/2 Keyboard
• M993s CRT Monitor - 18" viewable
• Nvidia Quadro FX 3450 256M dual DVI or VGA video card
• 160GB SATA II - 7200RPM Hard drive w/ 8MB DataBurst cache
• 3.5” Floppy drive
• Dell USB 2-Button Optical Mouse with Scroll
• 16x DVD+/-RW
• 3 Year next business day parts and labor on-site service

$1949 + tax & delivery
I'm going to need a new PC for college, and I'm wrestling with the choice of either getting this one from dell through NJIT (at a lower price) or trying to build my own PC with the same amount of money.

The numbers all seem pretty good, and it comes with what sounds like a good service plan, but could you build a better PC with the same money?