Better CPU for my Low Budget Workbench

ToKiiNz

Distinguished
Nov 15, 2011
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this is my new low budget workbench i'm building for video editing and rendering to replace my x4 965 and gtx 460. i do some light gaming in skyrim and some battlefield 3 but mostly my skyrim addiction

my 2 choices are the

Xeon E3-1220 v2 http://www.newegg.com/Product/Product.aspx?Item=N82E16819117288

and the i7 3770 http://www.newegg.com/Product/Product.aspx?Item=N82E16819116502

is the xeon better or equal to the i7 because saving this money to put towards a larger gfx card like a gtx 660 or 7870 would be huge for me. i will be using it on a asrock z77 with 16gb of 1600mhz ram.
 
I'd also suggest the i7-3770. But get the " K " editon so the 3770K which means you can overclock your cpu. Also the reason you should get that over the Xeon , is that i7's a normally better rounded and it has a higher clock speed.