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£2000 to spend on home studio - your advice needed!

Hi all – I would like to get some opinions and advice on my plan as per below, I can spend up to £2000

Current equipment:
Acoustic / Electric guitars / bass with amps
Condenser microphone, stand, pop screen etc
Fostex MR8mk2 (digital multitraker - to sell)
Decent headphones
Some vocal prowess (!)

Your opinion on home studio setup

I was just wondering what everyones opinions were on my studio, and if i might be heading in the right direction.

CURRENT
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Dell Inpiron - 1,6ghz dual core, 1gb ram

PreSonus Inspire 1394

M-Audio Studio Pro3 monitors

Behringer minimon800

Yamaha mg16/4 (right now only plan on using when doing drums, into inspire)

Needing help with a home studio

I've been recording for about 5 years now. I used a Roland VS-880 for my first project and soon there after discovered Pro Tools. I did a few projects on a borrowed Digi001 and swore by Pro Tools for the next year. Later, I discovered Cubase SX and love it. A am still using it today. Most of what I do are simple projects for people that are wanting to demo there song.

Need advise on building a home studio

I've been recording for about 5 years now. I used a Roland VS-880 for my first project and soon there after discovered Pro Tools. I did a few projects on a borrowed Digi001 and swore by Pro Tools for the next year. Later, I discovered Cubase SX and love it. A am still using it today. Most of what I do are simple projects for people that are wanting to demo there song.