Is my build good?

Quadacon

Distinguished
Feb 16, 2013
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Is this good for general gaming and/or music creation?

Intel core i5 3470 @ 3.2Ghz
Nvidia GT 640 2Gb
Gigabyte Ultra Durable 4 GA-B75M-D3H
Kingston Hyper X RAM 8Gb DDR3 @ 1600Mhz
500 Watt PSU
1TB Seagate HDD

Also, please go into detail in whats good and whats not and why, I am really good at upgrading and installing new components, so you could also please let me know what I should upgrade. Thanks :) Oh btw, I already have this build made, if that helps.
 
What branded power supply. Never cheap out on this part . Brands like evga , seasonic or corsair are reliable . I recommend an ssd for boot drive to make Windows boot faster . 120gb should be enough . No lower than 64gb . I recommend getting a gtx 750 windforce 4gb for gaming .