After having a long chat with my buddy Magilla Gurilla I have made the following changes to the list from yesterday.  While I hate to lose the Terminators (Cause I am a terminator freak) and Land Raider, I think the list has a lot more moxie, than the last one. 

Basically the two HQ's got some useful wargear, I added 6 Nurgle bikers with 2 melta's to replace the Termies. For the Land Raiders cost I gained 16 traitor guard bodies including Marbo, 2 autocannons and 6 flamers. I also dropped the 3rd five man marine squad for 20 cultists and upgraded to a TLLC turret on the Predator. 

In the end the list gained 31 infantry models, which are basically cannon fodder, but they should tie things up long enough for the armor and marines to do what they need too to secure victory.

Chaos Space Marines
HQ (125pts)
Warpsmith
Aura of Dark Glory
Total: 125pts

Troops (466pts)
Marine squad Decimus (10) 
Plasma gun, Autocannon, Vets long war
Champion with Chain Axe
Total: 183pts

Marine squad Barbarus (10)
Plasma gun, Autocannon, Vets long war
Champion with Chain Axe
Total: 183pts

Cultist squad Markor (20)
2 Heavy Stubbers
Total: 100pts

Fast Attack (207pts)
Bike squad Agron (6)
2 Melta guns, Vets long war, Mark of Nurgle
Champion with Power weapon
Total: 207pts

Heavy Support (465pts)
Defiler
Total: 195pts

Predator
TLLC, Lascannon Sponsons
Total: 140pts

Vindicator
Siege shield
Total 130pts

Traitor Guard Allies (635pts)
HQ (90pts)
Lord Commissar
Power Weapon, Camo cloak
Total: 90pts

Elite (65pts)
Guardsman Marbo
Total: 65pts

Troops (180pts)
Traitor Guard Platoon
Command squad
4 Flamers
Total: 50pts

Guard squad
Flamer, Autocannon
Total: 65pts

Guard squad
Flamer, Autocannon
Total: 65pts

Fast Attack (130pts)
Vendetta
Total: 130pts

Heavy Support (170pts)
Leman Russ Squadron
1 Battle tank with Heavy Bolter Sponsons
Total: 170pts

Fortification (100pts)
Aegis Defense Line
Quad Gun
Total: 100pts