I'm looking for advice one a home media server build. I've got all the parts, but if I can get cheaper parts that can still play 1080p without stutter, then I'll take it.

Build:
Motherboard ASUS P5KPL-CM $50.00
RAM Corsair Value Memory 1GB (2x) $16.00
Processor Intel Dual-Core E5300 $70.00
Hard Drive Seagate 500GB $60.00
Sound Card SoundBlaster Audigy SE $30.00
Video Card ATI HD 4350 512mb 256bit $45.00
Power Supply Coolmax 600 Watt Powersupply $30.00 (And I know the PSU is over kill, but it's one of the cheapest they had that is over 350watts)
Totals at $301.