Ultimately I guess it all depends on what you want the computer for.
SSD's are cool (and fast) but they wont do much other than load your system a bit faster; the same will be true for your files, they'll load a bit faster.
The same is true for RAM, the amount of difference very fast RAM makes is minimal practically speaking, it will knock a few seconds off file loading operations but make almost no difference to file manipulation operations. Having enough RAM is important so that your not using the hard disk swap file for very large files. I would always recommend having as much ram as your mobo/operating system can handle.
For Terragen what will make the greatest difference is the raw processing power. More cores (there is a limit practically speaking at 8 I think) and more Ghz (no limit there as far as I know) will make the most obvious difference. Double the processing power and your scene will render twice as fast (or thereabouts
)
A fancy Graphics card will make little difference to Terragen although if you use some other 3D graphics packages (such as Maya, 3DS Max etc) they do take advantage of GPS processing.
Hope that helps
Richard
ps the water cooler I linked to is indeed as small as it looks, they're much more efficient than they used to be.