The Athlon X4 750K should not bottle neck the HD 7770. The 100% usage is either do to an extreme number of players on a big map, or you may have other issues causing the high CPU usage. To eleiminate the latter possibilty...
Run CCleaner and do the Clean and Registry portions both. You may have to run it more than once if the system is badly messed up.
http://www.piriform.com/ccleaner
Next, update your virus pgm and then run a FULL virus scan. Then run Malwarebytes and have it remove any bloatware that may have been installed on the system: http://www.malwarebytes.org/
Finally, check to see how much junk you can live without running in the background when Windows starts. Look in your tray to see how many items are running. Or on your task bar. For the best gaming experience, you want as little as possible to be going on when the CPU/GPU are stressed in a gaming environment.
The best way to see how many watts your PSU is consuming, would be to plug it into one of these: http://www.newegg.com/Product/Product.aspx?Item=N82E16882715001