First something about the monitor, it´s surely fancy looking in black but it´s a standard shadow mask, isn´t it? Why not buy a Diamond/Trinitron instead, they´re far superior in picture quality(Sony & Mitsubishi are always good). You can always go with the flat LCD Sony N50(12mm thick) if he really want´s a black monitor. 
Then the speakers, those Monsoons don´t have good sound and your friend seems to have money so why don´t get either the BA7500(4.1, flat, just in grey) or the Mediatheater(2.1, black available) from Boston Acoustics. Or why not go with Klipsch, they´re not flat, but have fantastic sound (sometimes better, sometimes worse than the bostons) and you can choose between a 4.1 or 2.1 system. 
And finally as many have said, change that V5 for a GTS or Radeon.
Hope that helps a bit.