What CPU Should I buy?

 I started to build a new computer about a year ago than abandoned it due to my financial situation. I bought a Asus P5W DH Deluxe motherboard back than so I was wondering what processor would you guys recommend for it? Cash is still a little tight so I want something thats a good value for the money. I was thinking about the Core 2 Duo E6700? I was also thinking the E6850 but the bus speed on that is 1333 MHz and my motherboard says the maximum bus speed it can handle is 1066 MHz, so that wouldn't work would it? Also what kind of memory would you recommend to go along with it? I've been out of the hardware loop for a while now so any input would be greatly appreciated.

Also I do have a watercooling setup so I do want something thats good at overclocking!  

i would say either a E6600 or an Q6600...  go with the quadie if you have the extra cash, but the e6600 is a solid performer and OC'er.

Yay 3000! 

I'd have to agree with Der, while the 45nm parts will be nice, the peformance delta clock for clock will probably only be about 5%!!!

What do you do with your computer?  The best processor for the money is the Q6600 right now.  They can run a bit warm overclocked, but you're water cooling loop should be able to keep the heat under control.

Thanks for all the comments guys! It will be mostly for gaming. Would the motherboard be able to handle the Q6600 without any issues? It is over a year old. If so I would definitely pick that one up. Also any recommendations on memory? Keeping in mind I want a little head room for overclocking. Thanks again.

 yea the mobo will be fin if not just flash the bios and you'll be good to go, but I'm almost sure that it had quad support. As for the ram 2gb=XP and 4gb=Vista.

 Ok thanks Der. So I just have to decide on memory now, I'm thinking about 4GB Corsair PC8500 XM S2 Dominator? Or should I go with OCZ? Any recommendations? I'll be running 64bit Vista. Thanks in advance.

I like the dominator better of the two, they were nice when i was running them. 

Cool, thanks for all your help! 

Go for the Q6600 but try and get a GO-Stepping one, they are amazingly overclockable ive got mine up to 3.38GHz. 100% stable and only 60c under load with arctic freezer 7.

 Thanks for the advice. I ordered my Q6600 about a week ago with some memory that was on backorder and I emailed asking if it would be the Go Stepping one and he replied back saying it is and that he's shipping it out to me tomorrow!

I can't wait to get it and see how far I can overclock it under water!