Wait if you can if not amd might be a good option
If I were you I would wait for awhile. Right now conroe is not out, in most stores, and it will take some time for the staggered lanch to get the part you need to places like monarch, zipzoomfly, and newegg let anlone at a non inflated price.That alone is not so bad, the problem with conroe is the intel chipsets out now. I personally am going to wait for ATi's offering and possibly nVidia's, although the ati chipset looks to be the better of the two as nVidia's intel chipsets have been poor overclockers in the past. Also these crap intel chipsets are going to cost a bundle as well the 975x boards out now usually cost more then 220 and most dont support conroe without a bios flash; were as a good amd combo would cost a lot less.
If I had to have a computer now I would still buy amd just because of the low price of a cpu + chipset, and a good card to boot, but that would only work for instant gratification. In a few months an amd will look slow by compairison for the same price. Dont be like the 805 people wait if you can it will be worth it. If you can wait that long then new ati and nvidia cards will be around the corner most likely trashing all current gen cards for a similar price. And if you dont want the new cards todays current top performers will surely fall in price.
Im facing this same problem as well so im just keeping myself occupied for the moment by working on a phase cooler just so I dont feel the need to go out and buy the conroe I so desperately want.