If I understand it correctly, the PSU draws as much power as your system needs. Doesn't mean 600 watts necessarily. The PSUs efficiency determines how many watts it draws from the wall. If you have 80% efficient PSU, your wattage will be whatever your system uses + 20%. With higher rated PSUs (Silver, gold, platinum) the added percentage goes down. So at 85% the PSU would use whatever computer needs + 15%.
Explained in more detail here
http://hexus.net/tech/tech-explained/psu/29911-80-plus-certification/