Need advice with gaming htpc first build

So, I'm working on my first build and I was hoping for some opinions. I want to build a living room gaming htpc to play games and watch movies. I want it to be as small and quiet as possible, and be able to play current AAA games on high/max settings at 1080p on my 46' TV. I plan to overclock eventually, and I assume SLI is not an option for sff builds. My budget is looking like around $1200 -$1300 give or take. Here's what I'm thinking so far:

CPU: Intel Core i5-4670K 3.4GHz Quad-Core Processor ($229.29 @ Amazon)
Motherboard: Asus MAXIMUS VI IMPACT Mini ITX LGA1150 Motherboard ($219.99 @ Amazon)
Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-1600 Memory ($84.99 @ Newegg)
Storage: Samsung 840 EVO 250GB 2.5" Solid State Disk ($169.99 @ Newegg)
Video Card: Gigabyte GeForce GTX 770 2GB Video Card ($329.99 @ Newegg)
Case: Cooler Master Elite 130 Mini ITX Tower Case ($55.56 @ Amazon)
Power Supply: Cooler Master i700 700W 80+ Bronze Certified ATX Power Supply ($49.99 @ Newegg)
Optical Drive: Asus BW-12B1ST/BLK/G/AS Blu-Ray/DVD/CD Writer ($56.99 @ Newegg)
Operating System: Microsoft Windows 7 Home Premium SP1 (OEM) (64-bit) ($89.99 @ Amazon)
Total: $1286.78
I'll probably add more storage later.

1.Does this sound like a good build? Is 700 watts overkill for this combo? Is this more mobo than I need?
2. What is an efficient and quiet cooling solution for this build? This is the area I feel the most clueless about. Help is truly appreciated.

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  1. Best answer
    I will recommend Corsair Vegeance Pro DDR3 1866MHz CAS 9 for better performance RAM. I also recommend an Asus or EVGA (ACX series) GTX 770 for better performance, overclocking, and reliability. I HIGHLY recommend changing your PSU, as if it fails, it will damage your system. Most Cooler Master "budget" PSU's are bad quality. I recommend spending more on a safe PSU eg. Corsair TX 650, RM 650, or any by XFX or Seasonic. Other than that, it looks great. The very best is a Corsair H105, but for the i5, I would use a Corsair H75.
  2. Thanks for the advice! I knew that psu seemed awfully cheap. I'm still trying to decide between the Asus and evga 770, but it certainly helps to know I'm on the right path. Thanks again!
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