Need some thoughts on a new build

I have AMD 955BE thinking of Over clocking or going for a new i5 chip. I just cant make up my mind. I use my computer for gaming (cant wait for D3) and watching movie. I have two builds in mind just looking for some feed back. First i am wondering if the 1st build would be a good balance CPU vs GPU? Second is the 1st build able to play on high settings for most games out or coming out soon @ 1900x1080. Third for $240 more is the 2nd build worth the boost in CPU? Also thoughts or changes you would make to the builds

Build 1:
AMD 955BE OCed Free

GIGABYTE Radeon HD 6950 1GB $239.99

COOLER MASTER HAF Mid Tower $59.99

ASRock 970 EXTREME3 AM3+ $89.99

XFX Core Edition PRO850W $119.99 went with the 850w mite get a 2nd 6950 someday

CORSAIR Vengeance 8GB DDR31600 $48.99

OCZ Agility 3 90GB SATAIII $139.99

WD 500gb HD Free

XIGMATEK Gaia cpu cooler $29.99

total: $728.93


Build 2:
COOLER MASTER HAF Mid Tower $59.99

ASRock Z68 Extreme3 Gen3 LGA1155 $124.99

XIGMATEK Gaia cpu cooler $29.99

GIGABYTE Radeon HD 6950 1GB $239.99

XFX Core Edition PRO850W $119.99

Intel Core i5-2500 $209.99

OCZ Agility 3 90GB SATAIII $139.99

G.SKILL Ripjaws X 8GB DDR31600 $43.99

WD 500gb HD Free

total: $968.92

If i go with the 1st build down the road when ivory bridge comes out I can switch over to Intel when it come down in price. that means new MB but by then I will probably want a new one anyways. Thanks a lot to anyone that take your time to read this.

Second build for sure. You can lower the price, because you don't need 850W power supply. Ill recomend you this one, will be enough : http://www.newegg.com/Product/Prod [...] 6817151095
For windows you don;t need 90GB SSD , 60gb is ok and i think are cheaper http://www.newegg.com/Product/Prod [...] 6820148441 110$

i have a 500gb WD HD but i wanted a little room on ssd for a game or 2 for load times that is why i was thinking of the 90g ssd.