I run my games at 1920x1200, and I am looking to run new releases at top settings for as long as possible.
When I bought my graphics card there was only one to get, the 8800 GT, and it has served me well, so well in fact that I have not payed attention to the ongoing war between ATI and Nvidia.
I'm looking to spend upto £200 on a graphics card, I personally favor Nvidia, however due to my current non-knowledge of the 'best bang for buck' card at the moment, I am totally dependent on your advise!
I was looking at the Nvidia 275, it fits into the top end range of my budget for graphics cards, however 2 HD 4850 in crossfire also comes to the same price, I am aware crossfire/SLI is never as good, but the 4850 is a very decent card and very cheap, usually just getting a more powerful card is a better idea, however due to the amazing cost of the 4850 I am unsure, once again your opinions are greatly needed.
Otherwise I am switching from AMD to Intel. i7 is my choice of processor, I was looking at the i7 920 2.6Ghz and the Gigabyte X58 motherboard. The motherboard is less of an issue to me, while far in the future I may be tempted to overclock, the ease of doing so is not much of a problem for me, however this is the one component I am less willing to pay large sums for, unless you can tell me why a better motherboard is worth my money, apart from overclocking.

Apart from that I am looking at buying some 1600Mhz Corsair RAM will this work with my chosen motherboard? Having never bought a new motherboard and RAM for myself before I am unsure (apart from the pins) to compatibility.
My current PSU is 550W, do you think this will be enough to run this new setup, assuming I don't get crossfire/SLI?
My final question is, after replacing the majority of my PC's hardware, most importantly the motherboard and CPU, will I need to reinstall my OS?
Thanks for all your help and advise! Guild Wars Guru has never let me down!
~Raiin Maker