Is this a good price for an XPS 1330?

To store and play thousands of song, hundreds of movies, and thousands of pictures. I also plan to do some light gaming nothing requiring that much memory. Basically Is this a good buy/ rip off/ overkill?
Price : $2,678.00
Specs: XPS M1330 Intel庐 Core鈩?2 Duo Processor T7500 (2.2GHz/800Mhz FSB, 4MB Cache)
Genuine Windows Vista鈩?Home Premium Edition
Tuxedo Black
4GB Shared Dual Channel DDR2 SDRAM at 667MHz
Standard Display with 2.0 Megapixel Webcam
128MB NVIDIA庐 GeForce鈩?8400M GS
Speed: 200GB SATA Hard Drive (7200RPM)
Integrated 10/100 Network Card
Adobe庐 Acrobat庐 Reader 8.1
CD/DVD burner (DVD+/-RW Drive)
ExpressCard Sound Blaster X-Fi庐 Xtreme Audio Sound Card
Intel Next-Gen Wireless-N Mini-card
Microsoft庐 Office Home and Student 2007 - Word, Excel + PowerPoint
McAfee SecurityCenter with anti-virus, anti-spyware, firewall, 15-months
85Whr Lithium Ion Battery (9 cell)
1Yr In-Home Service, Parts + Labor,24x7 Phone Support
1Yr LoJack for Laptops Theft Prote

additional detaills:

Biometric Fingerprint Reader
Built-in Bluetooth capability (2.0 EDR)
Standard LCD with Tuxedo Black Casing and Camera XPS M1330
Intel Centrino Core Duo Processor
Windows Vista鈩?Premium
DataSafe Online Backup 10GB for 1 year

I went with the non led screen because i plan to do some video conferencing with this lap top.

Also i upgraded the hard drive bumped up the memory, added the optional video card, and upgraded the processor.

So good buy or wait till the price drops?

I would never pay that much for a laptop for what you're looking to do with it. For that price you could get a decent desktop with more hard drive space to store all your stuff, AND get a decent laptop. You definitely won't be able to store "hundreds" of movies on a 200GB hard drive. Unless you have short, small movies....
Configure an Inspiron desktop and a Vostro laptop.
An XPS is for heavy gaming. So to answer your question, it is overkill.

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