A few questions?
First, how much does your son know about computers? If he's a "computer nerd" he's likely to have is own idea of what a dream setup would be. I'm not saying you have to ask him and ruin the surprise, but it might be something to consider. And if he's good at tinkering, he might be able to build himself a great system by you giving him $700 in credit at NewEgg.com - it would be better than anything you're likely to find at Best Buy.
Are you planning on buying an entire new system, including monitor? If your son already has a good monitor, you can skip that and put all your purchasing money into the "box" itself.
If you don't mind buying refurbished, you can pick up some sweet deals at Dell Factory Outlet:
http://www.dell.com/us/dfh/p/?dgc=IR...28&lid=4691846
These are machines that are either returns, reworks, or orders that got cancelled after they were built. They're all re-worked until they're like new and sold with a "like-new" warranty, but are sold at heavy discount.
Also... Do you know if your son wants a desktop machine, or would he rather have a notebook? Or even a tablet? Notebooks are generally not as powerful as desktop systems, but if your son's desktop is pretty old your son might be able to pick up a notebook that's got more horsepower than his old desktop, with the added advantage of portability. A tablet (Apple iPad, Samsung Galaxy Tab, etc) is not a gaming machine, but I know a lot of kids these days find them to be really handy at school.
Best of luck with the decision!
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