I'm now waiting for the Pi to arrive so I can set it up and make a post on how you can do the same. I won't be starting Amazon Wish List up again until it arrives. I'll power up what I had saved in order to help others out.
What is required to build the final machine:
Almost everything can be purchased as a bundle on amazon costing about $70 except for the keyboard, mouse and controller. I say its better to buy the items individually, but you do the math, the bundle might be cheaper for you.