CPartPicker part list:
http://pcpartpicker.com/p/18pBA
Price breakdown by merchant: http://pcpartpicker.com/p/18pBA/by_merchant/
Benchmarks: http://pcpartpicker.com/p/18pBA/benchmarks/
CPU: AMD FX-8350 4.0GHz 8-Core Processor ($179.99 @ Microcenter)
CPU Cooler: Enermax ETS-T40-TB 86.7 CFM CPU Cooler ($29.99 @ Amazon)
Motherboard: MSI 970A-G46 ATX AM3+ Motherboard ($78.56 @ Amazon)
Memory: G.Skill Ripjaws Series 8GB (2 x 4GB) DDR3-1600 Memory ($58.50 @ Newegg)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($65.63 @ Amazon)
Video Card: EVGA GeForce GTX 770 2GB Video Card ($419.99 @ Amazon)
Case: Thermaltake Overseer RX-I Snow Edition ATX Full Tower Case ($113.96 @ Amazon)
Power Supply: SeaSonic S12II 620W 80 PLUS Bronze Certified ATX12V / EPS12V Power Supply ($75.98 @ Newegg)
Total: $1022.60
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2013-06-20 11:47 EDT-0400)
With this I have you at about $1000 for the build you listed. With some minor tweaks you could get a build much more suited to gaming and overclocking.
PCPartPicker part list:
http://pcpartpicker.com/p/18pLO
Price breakdown by merchant: http://pcpartpicker.com/p/18pLO/by_merchant/
Benchmarks: http://pcpartpicker.com/p/18pLO/benchmarks/
CPU: Intel Core i5-4670K 3.4GHz Quad-Core Processor ($239.99 @ Newegg)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($29.99 @ Microcenter)
Motherboard: MSI Z87-G45 Gaming ATX LGA1150 Motherboard ($149.99 @ Newegg)
Memory: Patriot Signature 8GB (2 x 4GB) DDR3-1600 Memory ($47.70 @ Newegg)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($65.63 @ Amazon)
Video Card: PowerColor Radeon HD 7970 3GB Video Card ($364.99 @ Newegg)
Case: NZXT Phantom 410 (White) ATX Mid Tower Case ($84.50 @ Amazon)
Power Supply: Corsair Gaming 600W 80 PLUS Bronze Certified ATX12V Power Supply ($69.99 @ Microcenter)
Other: COOLER MASTER R4-L2S-122B-GP 120mm 4 Blue LED Case Fan 2 in 1 pack ($10.99)
Other: COOLER MASTER R4-L2S-122B-GP 120mm 4 Blue LED Case Fan 2 in 1 pack ($10.99)
Total: $1004.76
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2013-06-20 11:58 EDT-0400)
Processor and motherboard: This is the new intel I5 processor that came out like 3 weeks ago. You can find a combo deal for this processor with that specific high quality motherboard and it will save you $80. The processor you know is going to be good and fast, the motherboard is a bit more built for handling overclocking and it supports 2 way SLI and Crossfire so you can add an extra GPU later on if you wish.
Cooling system: For this price the cooler master hyper 212 evo is a much better cpu cooling uniti. Can't really giv e it any competition at this price. Other good competitors are about $70-80 for their good quality cooling units.
Case: This is a large enough case to hold what you need with lots of fan options for cooling should you want them. I included 4 120mm fans under a custom part because i personally would rather a stronger fan with a bit more noise (I use headphones alot though)
GPU: Personally if you are overclocking I believe AMD makes GPUS better for overclocking. If you are talking regular gameplay I would go gtx 770 all the way but since you are overclocking I recommend the radeon 7970
PSU: This is a much high quality power supply unit because the power supply is not something you want a no-name brand of. You want a quality power supply unit and this is part of the corsair gaming series.
RAM: If you are that set on getting 8gb of RAM at DDR3-1600 then this is the cheapest option for it. Luckily if you ever become dissatisfied with it RAM is cheap and easily replaceable.
If you have any questions or concerns everyone here will do the best we can about it.