PSA has a reduced price on an Isreali FAL parts kit.  No receiver or barrel.  Price is $299.

DS Arms has a replica Isreali Light FAL receiver for $425.  I would grab a light barrel when I find one.

Currently my 308 collection has a CETME and an AR.  Should I add a FAL?  Can the FAL cognoscenti comment on this kit?

I bought one a few months ago.  Still waiting for DSA to get barrels.  I signed up for the "Notify me when in stock" and last time they sold out in less than 12 hours.  (Which sucked, since, being on night shift at the time, I was asleep when they sent the email out first thing in the morning.  So, still waiting.)

You can also build them with a non Israeli barrel if you want. Your kit may come with or without a muzzle device.   The early Israeli rifles had a special lugged barrel to take a special bayonet that had a pseudo-flashhider built into it.   Of course,  most of the time they would end up working loose and falling off if you tried to fire the gun with it on there.   Later, many of them were upgraded to take the standard Belgian style flash hider.   So if you use a non Israeli pattern barrel, it will probably come already threaded.  You may need to get a taller front sight (especially if you get one that has the gas block pre-installed), since the Israeli guns used the earlier higher rear sights.

Honestly if you are just going to build one,  I would just sent it to Arizona Response Systems to have it built.   By the time you buy the tools, you wouldn't be saving any money if you are just building one.  He'll do it right and you should have something that looks almost like a brand new gun when it is done. 

I got on the list for the Isreali light barrel, unthreaded.  I am resisting the urge to just buy an isreali repro receiver, although maybe I should just do it.

Ordered it. Also on their list to be notified when the unthreaded Israeli pattern light barrel is back in stock.