Components for Building Computers From Scratch/Gaming PC configuration

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Question
I want to build a gaming computer for a budget $1,200. Could I build a PC for this budget that would be better than a regular gaming console like the PS4? If so What hardware components do you recommend?  If not What budget do you think I need to accomplish this?

Answer
Here is one that is already built: $1200
http://www.tigerdirect.com/applications/SearchTools/item-details.asp?EdpNo=81827
Here is what you could do buying what is called a barebones. Basically you are assembling parts that are paired in a bundled deal that are compatible.
http://www.tigerdirect.com/applications/category/category_slc.asp?Lprice=1000&Ca
You can shop around on the last page and spend less. However, you get less.
I used to build computers. At one time you could build a really good computer for the price of a middle of the road Dell or HP. As you can see by the prices shown in the links, this is not the case anymore. By the time you add an OS, RAM, and whatever else was missing on the barebones kits, it would be at least $2000 to have a working machine.
Let me know how it goes.

Components for Building Computers From Scratch

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Keith Davis

Expertise

I can answer most any question in this category for the home desktop builder and for most gaming PC builders. This includes what kind of case, cooling products, overclocking, all hardware, software, and safety issues. I can also advise on where the best sources for purchasing hardware are on the net.

Experience

100's of system builds from Win 2k through Win7 for customers as a self-employed PC technician with 100% customer satisfaction. Most experienced with XP and Vista.

Education/Credentials
4 classes short of my Networking degree.

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