replacing the Hard Drive with a SSD
Is is possible to replace the 1tb hard drive with a Solid State Drive? and what parts would I need?
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You may want to consider augmenting your system with a second drive. In this case adding the SSD Vs replacing your current HD. Here's the guide to do that Installing iMac Intel 27" EMC 2390 Dual Hard Drive Kit,
If your current HD is having problems I would still setup the dual drive setup and take the time to replace the HD at the same time following the link in Igors' answer.
In either case you'll need an external FireWire HD or USB thumb drive to boot your system (if you don't have your OS install CD/DVD) as well as make a backup of your current apps & files.
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