Conclusion
To sum everything up, I will show you a summary diagram with two values for each PC configuration: maximum load (FurMark + Prime95) and typical load (3DMark06).
So, there is nothing frightening about the numbers. Of course, 500 watts is quite a lot. It is about one quarter of an electric iron, but PSUs that can deliver it are widely available for reasonable money, especially if you compare it with the cost of the other components of such a power-hungry configuration. If you want to have a 50% reserve of wattage, a 750W power supply will be sufficient for a system with a Core i7-920 and a GeForce GTX 295.
The other configurations are much more economical. If the graphics card is replaced with a single-chip one, a 500-550W power supply can be used (and it will have a reserve of wattage, too). And an inexpensive 400W PSU will do for midrange gaming PCs.
Note also that this is the power consumption under very heavy tests. No real game can load the computer as heavily as FurMark. It means that a 750W PSU will offer an even larger reserve of power for the most advanced of the tested configurations.