MaXimus421 :
An overheating PSU is caused from too much load on a unit that cannot handle it. Like I said, it's probably maxed out at this point being as how it's probably only outputting ~300 watts (not the rated 450 watts - thats a lie). The heat from the PSU is probably rising the overall ambient temps inside the case. Which, in the end raises the temps of other components. A PSU that can handle the load of the hardware your running would run cooler, naturally.
What kind of case are you using? It sounds like you might have some air flow issues inside it as well. Adding some fans would help. Or getting a better case with better air flow.
This is my case..
http://www.ebay.com/itm/like/260681844684?lpid=82 and it did NOT come with a exhaust fan... only the 2 120mm fans... also the temp inside my system is about 30 C (HWMonitor says my hard drives airflow temp is 33 C w a minimum of 28 c)
other temps are as listed
MOBO
THRM- 12 C / max 50 C 100% load
TMPIN0- 11 C / max 51 C 100% load
TMPIN1- 36 C / max 51 C 100% load
TMPIN 2- 128 C (this one NEVER changes)
CPU (Which everybody thinks has bad thermal SENSORS)
Package- 54 C / max 192 C 100% load (< IMPOSSIBLE)
HDD
Assembly- 33 C
AirFlow- 33 C
ALSO HERE ARE THE VOLTAGES FOR THE MOBO!
CPU VCORE 1.349 V / minimum 1.080 V/ max 1.428 V
VIN1- 1.536 V / min same/ max same
+3.3V- 2.016 V min 1.992 V max 2.028
+5V- 3.488 V min 3.447 V max 3.488 V
+12V- 4.464 V min 4.416 V max 4.464 V
-12V- -8.880 V min same max same
-5V- -5.746 V min -5.760 V max -4.656 V
+5V VCCH- 2.742 V min same max same
VBAT- 1.668 V min same max same
GPU (GTX 750)
Temp TMPIN0- 31 C / max 45 C 100% load fan 40%