This is WAY too much, in my fairly newbie opinion. I've built 2 bikes and have 2 extra frame sets and I still don't think I've spent $400.00! If you haven't already, check out this thread:
http://www.bikeforums.net/showthread.php?t=226440
Lots of nice stuff. FWIW, I wouldn't pay $60.00 for an older peugeot unless it already had a good bottom bracket, headset, and seatpost. Otherwise, skip it. Even eBay has good deals from time to time.