First Time Building Gaming Computer Please Help

http://pcpartpicker.com/p/QFmM

a bit over, but it'll be quite effective at video editing and gaming

PCPartPicker part list: http://pcpartpicker.com/p/QFmM
Price breakdown by merchant: http://pcpartpicker.com/p/QFmM/by_merchant/
Benchmarks: http://pcpartpicker.com/p/QFmM/benchmarks/

CPU: Intel Core i7-3770K 3.5GHz Quad-Core Processor ($329.99 @ Newegg)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($32.99 @ Newegg)
Motherboard: Asus P8Z77-V LK ATX LGA1155 Motherboard ($119.99 @ Newegg)
Memory: Patriot Gamer 2 Series 8GB (2 x 4GB) DDR3-1600 Memory
Storage: Sandisk Ultra Plus 128GB 2.5" Solid State Disk ($99.99 @ Newegg)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($79.99 @ Newegg)
Video Card: Sapphire Radeon HD 7850 1GB Video Card ($149.99 @ Newegg)
Case: Rosewill REDBONE U3 ATX Mid Tower Case ($49.99 @ Newegg)
Power Supply: Thermaltake TR2 500W ATX12V Power Supply ($39.99 @ Newegg)
Optical Drive: Asus DVDE818A7T/BLK/B/GEN CD Reader, DVD Writer ($24.97 @ Newegg)
Monitor: Hannspree HE225DPB 21.5" Monitor ($99.99 @ Newegg)
Total: $1027.88
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2013-04-14 15:02 EDT-0400)

you dont need a cpu cooler if you arent overclocking. you can always add one later if you want to. use the cash elsewhere.

you dont need an ssd for gaming and you would be better off upgrading your gpu or other parts with this cash.

i'd recommend buying a corsair or pcp&c psu. buying a cheap unit which can fail can fry your entire pc.

i'd recommend a better brand of monitor, ram

Even though he's not overclocking, the stock intel cooler is poor and any better cooler would help maintain solid performance and keep the CPU running fast for longer.

Corsair can be just as bad as thermaltake. I use XFX 550W.

RAM is no longer cheap, and it's best to wait for a sale or rebate on good RAM if you don't trust the particular brand.

You're right, SSD is not for gaming, and he is probably going to eventually use his PC for more than gaming. Solid state is faster, and any PC would benefit overall from a good SSD as a system drive and cache.

@LX

i'm running a stock intel cooler on my i7 without overheating issues. i'm not debating that buying a cpu cooler provides better cooling performance. all i am saying is that realistically with good case airflow they are not required. not sure what you mean on maintaining solid performance and keep it running fast for longer. the cpu is not magically going to degrade in performance over years just because you dont use an aftermarket cooler. as long as your temps arent too high you are fine.

any psu can fail, this is a given. some companies just have a better track history than others. corsair or pcp&c are consistantly recommended for reliability along with a few other brands. some other brands are also well known for issues.

how is waiting for a rebate going to influence your trust on a brand? is it okay that ram fails just because you bought it cheap on sale? i'm not saying patriot is a bad company at all. what i am saying is that going with corsair, mushkin or other brand is not going to break the bank. you can get mushkin for $60 not on sale. ram while not as cheap as in the past is not what i would call expensive.

not every pc will benefit from a ssd drive, especially on a lower budget. the op will be playing mostly games which are virtually unaffected by ssd performance gains. while true that boot up times and windows itself will be more snappy with a ssd the extra money could be put into parts which will make a larger difference such as a better gpu. in any case the op is most likely going to install everything on the c drive (ssd) and a 128 is just not large enough once you factor in 80% max capacity before degradation and the 30gb windows requires. this lowers actual capacity to around 72gb which is large enough for 2 or 3 large games only (some games can easily install to 30+ gb). i realize that you can install on the data drive as well however do factor in a worst case scenario. a 7200 drive will be more than sufficient for this build.

@op

you can get a 1080p asus monitor on newegg for $140. if you shop around i think your idea of an acer or asus is definitely attainable but perhaps you want to stretch your monitor budget upwards just a tad.