The E4700 is £85, and at that price , you could get more for your money by going with an AMD platform, the 5000+ X2 performs at around the same level as the E4700 and costs only £55: http://www.scan.co.uk/Products/Produ...oductID=401105
BTW, I prefer to use Scan.co.uk as I find they are slighty cheaper.
This motherboard is AM2+ which will allow you to upgrade to a Phenom in the future if you want to, it also has the most powerful integrated graphics chip by far, which when combines with a HD 3000 series GPU, can do hybrid Crossfire which almost doubles the performance: http://www.scan.co.uk/Products/Produ...oductID=787072
And get this graphics card so that the intergrated and the discrete card can combine: http://www.ebuyer.com/product/142609
It has GDDR3 memory instead of the GDDR2 of the 8600GT and overclocks very well thanks to the 55nm process. It should be back in stock very soon.