ET3D: The question is why, except for a principle? Your PC was behind the curve a year after you bought it and has been old tech for a while now. So why not buy something a little cheaper and keep it for less, perhaps upgrade the graphics card mid-way through its life?
Well, my current one cost me around £1600 at the time I built it, including peripherals, so taking them off (as I'll be keeping stuff like the monitor, printer, keyboard, mouse, etc), let's say £1400 (very rough estimate as I don't have figures to hand). So that's £200 per year for the PC itself. And it's handled almost everything I've wanted to run on it, it is only over the last year where there have been games I can't physically run, but with the backlog I have that I can run that hasn't been an issue.
So, if I were to change PC every three years, then that's a spend of £600 each time. Is that do-able? Wouldn't it always be running games in the realms of medium to low, never ever playing anything in high settings? I know my machine hasn't been able to run at high for a while, but when I first had it it could, so it's moved from high to medium, and was just getting into the medium to low specs on some games I play (like KF2). And then there's the hassle of disposal each time a new one is bought (I've no space for more than one desktop where I am).
Anyway, my techy friend says he'll pop over one of the evenings either with a spare GPU (if he has one) or his current one, so that we can then test whether it is indeed my GPU that is failing here. If it is, then I could replace it with a cheap one to give me time to research a new build. In any case, I think it is going to be a new full PC replacement soon.
A work colleague has said to go with a custom build via a website - he uses Overclockers (I have bought components from them in the past) - rather than build it myself due to there being a high RMA rate on some components like CPUs at the moment.