I agree mostly with the above, however a few points:
1. That Corsair CX430 blew up on me, and it's happened to others. I did a lot of reviews and found a great PSU, the Antec VP450 for $40:
http://www.newegg.com/Product/Product.aspx?Item=N82E16817371045
2. This HD7770 is only a little more than the HD7750 and has excellent reviews:
http://www.newegg.com/Product/Product.aspx?Item=N82E16814202011
3. When you see "REBATE" for a product, read the fine print especially the DATE to be sure you can actually claim it.
4. VERIFY that it is in fact an ATX power supply. You can measure it and compare:
from Wikipedia:
"ATX power supplies generally have the dimensions of 150 × 86 × 140 mm (5.9 × 3.4 × 5.5 in)[12]:23–24 and share a common mounting layout of four screws arranged on the back side of the unit. That last dimension, the 140 mm depth, is frequently varied, with depths of 160, 180, 200 and 230 mm used to accommodate higher power or modular connectors."
6. Your CPU will probably be a bit of a bottleneck, but adding this HD7750/70 will be a huge upgrade. Don't expect to run many modern games such as Battlefield 3, but there are several games that should run quite nicely. You can try getting DEMOS and experiment to see what runs well.