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I have here a revised list for my Chaos Space Marines army, which is just starting out. So far, I have a Termi Lord and two squads of marines with a butt-ton of cultists, so I figured this would be a list to revolve around for now.

HQ
Chaos Lord w/ Terminator Armor, Murder Sword, MoK - 150

Troops
20x Cultists - 90
10x Marines w/ Flamer, Pl, PW, IoV - 200
10x Marines w/ Flamer, ML, MoN - 190

Elites
5x Terminators w/ 2xcombi-plasma, 2xcombi-melta, 3xPW, PF, CF, HF, MoT - 233
5x Possessed w/ MoS - 145

Total: 1008

I wanted to have one Mark per god for fluffy reasons, and distributed them accordingly. As for tactics, the two marine squads will capture objectives or stay behind cover and shoot at things. The Termi Lord will take the cultist meat-shield and kill whatever the Murder Sword wants to kill (ie HQs, MCs, etc). Possessed are there to act as a second pincer to the Lord or to the Terminators, which will deep-strike to take care of a juicy opportunity.
So, what do you guys/girls think?

I always love the fluffy stuff, so I will try and keep your theme going, but on that note here are some things I think you might find improve it a bit. (really sorry for the long post)

1. trim down on the cultist blob for a few extra points, try exchanging your murder sword for an axe of blind fury, because while it is not instant death and strength 10 versus that "special someone" it is strength 7 on the charge with more attacks then most characters can honestly handle, but if you don't like the daemon weapon rule then I can see keeping the sword.

2. your troops need a delivery system, so I think rhinos would give them a lot of the speed they need.

3. and while the mark of slaanesh is great on possessed marines, I just can't get possessed to work as they can only move 6 inches and then run, so they are hard to use properly, so consider maybe mixing them up to create some chaos spawn who are really fast, force shots, and can take on most units in CC.

4. the loadout on the CSM I feel like the missle launcher will just slow you down as you will want to move,and that single snapshot just isn't that great, so try maybe flamer,and plasma or flamer melta.

5. this looks like a fun list, so I won't hit you with the obligatory "wheres your anti air" because at 1k points I'd like to believe people don't use flyers that heavily,but it happens way more than it should, so consider a reaper auto cannon in your terminator unit, or creating a havoc squad with auto cannons to help.

6. if you continue to like the chaos vibe, but you don't know what models to spend your hard earned cash on.
consider some elite options from your favorite chaos god, and go from there.

and again sorry for the long post

personally I would drop the possessed (but if you really want to keep them), especially if you're deep striking them, a heldrake is (as I find) a better spend of points

Hey, thanks for all the replies so far!
@jeff: I've often thought of getting a Heldrake, but I figure that will be a later purchase. For now, I want to get a feel of how CSM ground troops work and what I can do with them.
@isaiahg: no problem to the long reply! It means there's lots of notes I can look at!
I might swap out the Sword for the Axe, actually. Honestly, it's been a toss-up between those two, and I've had a hard time deciding between the two.
What I did consider was turning the Termi squad into a three-man suicide squad. That should free up enough points to give both my Marines and Possessed transport if I need to.
Missile launcher for Plasma? Sure, why not?
Anti-air might, indeed, be a problem, but with two plasmas and combi-weapons, I should have some form of flyer defense. We'll see, I haven't seen too many 1000 pt games with fliers yet.

@jeff: always with the helturkeys! There are other csm fa choices!

The flier thing comes down to local meta sometimes I think, but I've seen alot of 1000 point lists with fliers of various kinds in them. The only truly "kill it now" has been the helldrake though.