Is this PC build good?

[YodaMeister]

I have been looking for parts to build a new gameing PC. I prefer Intel i5 and want to keep my build about $700. I have a build in mind but I do not know if it is any good. I am looking to play most games at medium to high graphics.
Build: http://pcpartpicker.com/p/thfQQ7

 

[popatim]

skip the AS5. the coolermaster comes with very good paste pre-applied.

 

[BigRichard]

I can not let you get that PSU, it's just going to fail and take everything with it. Get some thing like this.
A locked i5 since you shouldnt attempt overclocking on that motherboard, I don't even think you can.

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-4440 3.1GHz Quad-Core Processor ($178.99 @ SuperBiiz)
Power Supply: XFX 550W 80+ Bronze Certified ATX Power Supply ($58.99 @ SuperBiiz)
Total: $237.98
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2015-08-02 16:08 EDT-0400