3 Ghz Pentium 4 with hyper threading enabled
1 GB Ram (soon to be 2 GB)
100 GB HD (soon to be 300 GB)
Ati Radeon 9800 Pro Graphics card
Plenty of USB and Firewire inputs
Now all i need for it is a nice LCD screen!!!

I ordered a Line 6 Toneport UX1 audio interface to record my guitar and some vocals for now until I can afford to Get a Presonus FP10 audio interface. Also, i ordered a midi controller keyboard to use with the massive amount of synth programs i have like Reason 3 and Native Instruments Absynth. Once i have all the components i need, im building a huge desk to house all my neat little audio toys. Once the desk is made, i guess ill have to build a studio.
Some of the programs i use are: Sonar 6 Producer Edition, Adobe Audition 2, FL Studio 7, Amplitube 2, Native Instruments Guitar Rig 2, EZ Drummer, and lets not forget effect plugins!!!!
Anyway, Im curious about what other's use in their computer recording setups. There doesnt seem to be many threads about this kind of thing. We could exchange many ideas.