How's this PC for gaming?

[CasperDar]

So I finally decided to get a good gaming PC, I spent a few days researching and putting together a good computer and this is what I came up with: http://pcpartpicker.com/p/4pcVGX
Since I'm quite new to PC building I'd like your guys' second opinion. How good is this thing, and about how much should I pay for a machine like this? Any additional information will be highly appreciated as well, thanks in advance!

EDIT: Alright guys, thanks a lot for the help, you rule! I've read through your changes and discussed it with a buddy of mine who has a great understanding of PC's as well, combined with your help and his recommendations I ended up with this:

PCPartPicker part list: http://pcpartpicker.com/p/kw9XYJ
Price breakdown by merchant: http://pcpartpicker.com/p/kw9XYJ/by_merchant/

CPU: Intel Core i7-4770 3.4GHz Quad-Core Processor ($299.98 @ OutletPC)
Motherboard: MSI Z97-GAMING 5 ATX LGA1150 Motherboard ($159.98 @ SuperBiiz)
Memory: Corsair Vengeance 16GB (2 x 8GB) DDR3-1600 Memory ($142.00 @ Amazon)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($52.92 @ Amazon)
Video Card: Gigabyte GeForce GTX 780 3GB WINDFORCE Video Card ($495.91 @ Newegg)
Case: Cooler Master N300 ATX Mid Tower Case ($55.98 @ Newegg)
Power Supply: Corsair 760W 80+ Platinum Certified Fully-Modular ATX Power Supply ($159.99 @ Best Buy)
Optical Drive: Samsung SH-224DB/BEBE DVD/CD Writer ($14.99 @ Newegg)
Operating System: Microsoft Windows 8.1 (OEM) (64-bit) ($102.98 @ Newegg)
Total: $1462.73
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-06-18 12:53 EDT-0400

No SSD anymore, the benefits aren't worth the additional costs. Replaced the CPU with the current one, old was was indeed too powerful, but since I'm planning on keeping this thing for long and upgrading it along the way, this is a good alternative. Kept the ram and PSU for the same reason (PSU is also energy efficient). Then also swapped out the GPU for the better one. Not gonna overclock, not ready to open that can of worms yet, so I can leave the cooler for now.

 

[Joseph DeGarmo]

Looks great, though you can get by with an i5-4670k for about $100 cheaper. But keep the i7 if you will also be doing streaming, recording, and rendering.

 

[emdea22]

CPU too powerful for the rest of your machine. Graphics card too weak for that system, PSU too much for your power needs. I will modify it.

 

[Joseph DeGarmo]

You don't need 250 GB for an SSD for installing Windows on it. Also, you will need a CPU cooler if overclocking. 16 GB RAM is overkill for gaming. Here's a modified build.

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-4690K 3.5GHz Quad-Core Processor ($239.99 @ Amazon)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($29.98 @ OutletPC)
Motherboard: MSI Z97-GAMING 5 ATX LGA1150 Motherboard ($159.99 @ Newegg)
Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-1600 Memory ($84.99 @ Newegg)
Storage: Samsung 840 EVO 120GB 2.5" Solid State Drive ($79.99 @ Best Buy)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($52.92 @ Amazon)
Video Card: Gigabyte GeForce GTX 770 4GB WINDFORCE Video Card ($394.98 @ SuperBiiz)
Case: Cooler Master N300 ATX Mid Tower Case ($55.98 @ Newegg)
Power Supply: SeaSonic 650W 80+ Gold Certified Fully-Modular ATX Power Supply ($129.99 @ Newegg)
Optical Drive: Samsung SH-224DB/BEBE DVD/CD Writer ($14.99 @ Newegg)
Operating System: Microsoft Windows 8.1 (OEM) (64-bit) ($102.98 @ Newegg)
Total: $1326.78
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-06-18 12:01 EDT-0400

 

[emdea22]

This should be considerably faster and for the same price. Also since you've bought an unlocked CPU on an overclocking board no need to buy the CPU with the highest frequency as you can overclock this one to go 4ghz+
PCPartPicker part list: http://pcpartpicker.com/p/cyJqBm
Price breakdown by merchant: http://pcpartpicker.com/p/cyJqBm/by_merchant/

CPU: Intel Core i7-4770K 3.5GHz Quad-Core Processor ($319.99 @ Newegg)
Motherboard: MSI Z97-GAMING 5 ATX LGA1150 Motherboard ($159.99 @ Newegg)
Memory: Corsair Vengeance 16GB (2 x 8GB) DDR3-1600 Memory ($142.00 @ Amazon)
Storage: Crucial MX100 256GB 2.5" Solid State Drive ($106.81 @ NCIX US)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($52.92 @ Amazon)
Video Card: Gigabyte GeForce GTX 780 3GB WINDFORCE Video Card ($498.99 @ SuperBiiz)
Case: Cooler Master N300 ATX Mid Tower Case ($55.98 @ Newegg)
Power Supply: SeaSonic 620W 80+ Bronze Certified Semi-Modular ATX Power Supply ($88.99 @ SuperBiiz)
Optical Drive: Samsung SH-224DB/BEBE DVD/CD Writer ($14.99 @ Newegg)
Operating System: Microsoft Windows 8.1 (OEM) (64-bit) ($102.98 @ Newegg)
Total: $1523.64
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-06-18 12:04 EDT-0400

 

[RCguitarist]

From the two suggested build above, get the SeaSonic 620W 80+ Bronze Certified Semi-Modular ATX Power Supply that emdea22 suggested. Don't be afraid of the semi-modular as the connections that are not removeable are only the ones you MUST have in order to have a working pc (cpu power, motherboard power, 1 gpu power).

Also, if you are going to be gaming at 1080p on a single monitor, then you don't need more than a 770 graphics card. By the time a 770 can no longer get you acceptable framerates on ultra settings, it will be old and ready for replacement anyway. A 780 will become obsolete before it reaches that point because Microsoft will come out with new directX versions (and games will start requiring it) that the current 780 won't be able to utilize. So the whole "buy big now and be good for 10 years" thing doesn't really apply to graphics cards.

For the CPU, get the i5. Benchmark tests have shown that in games, the same system with a 780ti GPU will get identical FPS using an i5 or an i7. So currently, for just games, getting an i7 is a waste of money. Now if you do alot of video editing, heavy audio recording and production or 3d modeling, an i7 will help speed those things up a bit. I do audio recording and production on my i5 equipped pc and have never noticed it being slow at all, so an i7 probably only helps with very, very heavy production.

If you are not going to overclock, then you don't need to spend the extra $$$ on a Z series motherboard. An H series board will save you money and will give you all the features of a Z minus the overclocking ability. And for the cpu, just get the same model, just not the K version. That should save you around $10.

Lastly, if you have never used windows 8 and know for a fact that you like it, get windows 7. Windows 8 is frustrating (i know first hand) because everything is hidden behind multiple menus and simple, 1 or 2 click things like getting to the windows control panel have now become 6 click things.

 

[Joseph DeGarmo]

Lastly, if you have never used windows 8 and know for a fact that you like it, get windows 7. Windows 8 is frustrating (i know first hand) because everything is hidden behind multiple menus and simple, 1 or 2 click things like getting to the windows control panel have now become 6 click things.

I made Windows 8.1 easy to navigate by pinning the control panel to the taskbar and pressing Alt+F4 on the desktop to bring up a shut down menu.