nightynight :
Rookie, with all due respect I think you're wrong.
The devils canyon takes up to 150 watts while overclocked, and the 7970 up to 400 watts full system load. (I took this information from benchmarks) and like I said I will be overclocking all the parts.
Thanks everyone for your answers, but please take a look again, are you sure there will be no issues?
As for the CPU, I figured that into it. The i7-4790k is rated at 90 watts by Intel, and as I mentioned, I factored in an additional 90 watts for overclock.
The HD7970 is a bit more of an unknown factor because it depends on a full -system- power measurement -but- the card as it sits -stock- is a 200w card. Seeing as they bin the chips to be able to run as high as they can (so they can charge more for 'premium' setups) while running very stable, there isn't a whole lot of headroom left. Some, yes, but not a lot. I figured that 200 watts would be about right, and even if it were 10% low (220 watts) you'd still have more than enough headroom that it shouldn't be an issue.
If you're talking about '400 watts full system power' that means whatever benchmark they were using, they measured the -entire system draw- from the wall (CPU, drives, video card, everything). So, even if you have a magically stable cpu/video pair that can even handle 500w 'full system power' you're -STILL- going to be ok.
A while back I was running a pair of R9-270x video cards with a Phenom II (oc'd to 4.0ghz) for litecoin mining on a 650w PSU. The Phenoms are nowhere near as efficient as the Intel chips, and a pair of 270x's certainly draws more power than a single HD 7970. But, I had zero problems even though I had far more actual draw with only 30 more watts of supply.
I say you have enough for an Intel setup with a single GPU, easily. Even overclocked, you're technically out of the sweet spot for efficiency, but not overloading the PSU as you're only at about 75-80% draw.