Yeah pertty much you probably 'should' get something like this.
Even so an extra $50 on the GPU would be quite welcome going for GTX660 or R9 270.
PCPartPicker part list:
http://ca.pcpartpicker.com/p/2Rupj
Price breakdown by merchant: http://ca.pcpartpicker.com/p/2Rupj/by_merchant/
Benchmarks: http://ca.pcpartpicker.com/p/2Rupj/benchmarks/
CPU: Intel Core i5-4440 3.1GHz Quad-Core Processor ($205.00 @ Canada Computers)
Motherboard: ASRock B85M Pro4/ASM Micro ATX LGA1150 Motherboard ($83.50 @ Vuugo)
Memory: G.Skill Sniper Low Voltage Series 8GB (2 x 4GB) DDR3-1600 Memory ($92.79 @ DirectCanada)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($64.75 @ Vuugo)
Video Card: Asus Radeon R7 260X 2GB Video Card ($144.99 @ NCIX)
Case: Corsair 200R ATX Mid Tower Case ($57.27 @ DirectCanada)
Power Supply: XFX 550W 80+ Bronze Certified ATX Power Supply ($55.99 @ NCIX)
Optical Drive: Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer ($18.50 @ Vuugo)
Total: $722.79
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2014-02-11 15:44 EST-0500)
However This one actually fits the bill. It has pretty much chopped up everything it can, while still maintaining some level of CPU and graphics juice.
PCPartPicker part list:
http://ca.pcpartpicker.com/p/2RuBo
Price breakdown by merchant: http://ca.pcpartpicker.com/p/2RuBo/by_merchant/
Benchmarks: http://ca.pcpartpicker.com/p/2RuBo/benchmarks/
CPU: AMD Athlon X4 750K 3.4GHz Quad-Core Processor ($88.32 @ TigerDirect Canada)
Motherboard: Asus A55BM-A/USB3 Micro ATX FM2+ Motherboard ($71.00 @ Vuugo)
Memory: A-Data XPG V1.0 8GB (2 x 4GB) DDR3-1600 Memory ($75.79 @ DirectCanada)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($64.99 @ DirectCanada)
Video Card: Asus Radeon HD 7770 1GB Video Card ($105.50 @ Vuugo)
Case: BitFenix Merc Alpha (Black) ATX Mid Tower Case ($44.99 @ NCIX)
Power Supply: EVGA 500W 80+ Certified ATX Power Supply ($39.99 @ NCIX)
Optical Drive: Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer ($18.50 @ Vuugo)
Total: $509.08
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2014-02-11 15:50 EST-0500)