I've updated the question to include that I will now be looking to save the streamed video to the computer and do some post event editing/production work to publish the videos. I'm just breaking into this realm so to begin it will be basic editing/production work with looking to grow organically with it in the future. The point is I'm not looking to purchase a system with the expectation to go into high end, ultra professional production, but still want to be able to handle quite well anything that one growing in this realm could be anticipated and expected to be able to do in the nearer future.
Based on your answers, the build I was looking at seems like it might be way overkill, but what are all your thoughts? Also, are there limitations to AMD vs Intel in the Video Production Realm??
PCPartPicker part list:
http://pcpartpicker.com/p/rNJ4vK
Price breakdown by merchant: http://pcpartpicker.com/p/rNJ4vK/by_merchant/
CPU: Intel Core i7-5820K 3.3GHz 6-Core Processor ($372.95 @ SuperBiiz)
CPU Cooler: Corsair H55 57.0 CFM Liquid CPU Cooler ($54.99 @ Newegg)
Motherboard: Asus X99-A ATX LGA2011-3 Motherboard ($215.49 @ Newegg)
Memory: Crucial Ballistix Sport 8GB (1 x 8GB) DDR4-2400 Memory ($78.84 @ Amazon)
Memory: Crucial Ballistix Sport 8GB (1 x 8GB) DDR4-2400 Memory ($78.84 @ Amazon)
Storage: Seagate 2TB 3.5" 7200RPM Hybrid Internal Hard Drive ($99.98 @ OutletPC)
Video Card: EVGA GeForce GTX 970 4GB FTW ACX 2.0 Video Card ($314.99 @ Newegg)
Case: Corsair Obsidian Series 800D ATX Full Tower Case
Power Supply: Thermaltake SMART 750W 80+ Bronze Certified ATX Power Supply ($62.98 @ Newegg)
Total: $1279.06