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What upgrades would you suggest for my current system?

My hard drive died a few days ago so I just replaced it with a hybrid hard drive and my performance is already much better and my pc is definitely not as slow as a slug anymore. What else would you recommend that I upgrade in my system? I got it about 5 years ago, but I haven't stayed up-to-date on good hardware like I used to. I'm sure I could probably use a new graphics card at least. Is there any new technology coming out that I should wait for before upgrading my pc? I use my rig mainly for gaming and some visual studio/dream weaver and minor photoshop stuff.

Intel i7 860 4 cores @ 2.8 Ghz
HIS ATI 5850 HD
8 GB DDR3 1600 mhz
1 Terabyte Hybrid HD (just bought, no i don't want a ssd)
700 Watt PSU (no name brand)
Asus P7P55D LE motherboard

Preferably budget stays around ~$300
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  1. Best answer
    The most cost effective action would be to upgrade the GPU. I'm glad you edited the post because I was about to ask what you were willing to spend. For $300, you could buy a 760GTX or a R9 270x. If you are willing to push your budget to $340-350, you could buy a 770GTX.
  2. Or just for another thought, buy a 760GTX and an aftermarket cooler for your CPU and overclock.
  3. your PSU brand? is it 80 plus certified and brand will make the difference . other then that GPU upgrade is needed
  4. Thanks for the advice guys. I actually already have liquid cooling on my cpu so I can always overclock in the future if I want to push my system farther. In terms of my PSU it is a brand I have never heard of before so I am thinking that I will get the 760GTX, sell or donate my 5850 to a friend/family, and get a new reliable PSU.
  5. Good PSU brands: Corsair (All but CX series not recommended), Seasonic, XFX and Antec.
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