Is this a good gaming PC build? First Build

IRONBATMAN

Honorable
I tried to match the colours. Took me a while...

Blue themed
PCPartPicker part list / Price breakdown by merchant / Benchmarks

CPU: Intel Core i5-4670K 3.4GHz Quad-Core Processor ($219.99 @ Amazon)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($29.94 @ OutletPC)
Motherboard: MSI Z87M-G43 Micro ATX LGA1150 Motherboard ($79.99 @ Newegg)
Memory: G.Skill Ares Series 8GB (2 x 4GB) DDR3-1866 Memory ($71.10 @ Newegg)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($56.98 @ OutletPC)
Video Card: Sapphire Radeon R9 270X 2GB Vapor-X Video Card ($209.99 @ Newegg)
Case: Cooler Master Elite 431 Plus (Black) ATX Mid Tower Case ($39.99 @ Newegg)
Power Supply: Corsair CX 500W 80+ Bronze Certified Semi-Modular ATX Power Supply ($34.99 @ Newegg)
Optical Drive: Asus DRW-24F1ST DVD/CD Writer ($19.98 @ OutletPC)
Operating System: Microsoft Windows 7 Home Premium SP1 (OEM) (64-bit) ($89.98 @ OutletPC)
Monitor: Asus VE247H 23.6" Monitor ($119.99 @ Newegg)
Wireless Network Adapter: TP-Link TL-WDN4800 802.11a/b/g/n PCI-Express x1 Wi-Fi Adapter ($38.57 @ Amazon)
Keyboard: Cooler Master CM Storm Devastator Gaming Bundle Wired Gaming Keyboard w/Optical Mouse ($29.99 @ Amazon)
Total: $1041.48
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2014-05-15 23:26 EDT-0400)
 
Solution

IRONBATMAN

Honorable
Here's a cheaper Red themed alternative. It's not as good, but you would lose at most 5-8 FPS in games
PCPartPicker part list / Price breakdown by merchant / Benchmarks

CPU: AMD FX-8320 3.5GHz 8-Core Processor ($142.99 @ NCIX US)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($29.94 @ OutletPC)
Motherboard: ASRock 970 Extreme3 R2.0 ATX AM3+ Motherboard ($64.99 @ Newegg)
Memory: Kingston Fury Red Series 8GB (2 x 4GB) DDR3-1866 Memory ($64.99 @ Amazon)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($56.98 @ OutletPC)
Video Card: XFX Radeon R9 270 2GB Double Dissipation Video Card ($154.99 @ NCIX US)
Case: Corsair SPEC-02 ATX Mid Tower Case ($59.99 @ Amazon)
Power Supply: Corsair CX 500W 80+ Bronze Certified Semi-Modular ATX Power Supply ($34.99 @ Newegg)
Optical Drive: Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer ($19.98 @ OutletPC)
Operating System: Microsoft Windows 7 Home Premium SP1 (OEM) (64-bit) ($89.98 @ OutletPC)
Monitor: Asus VE247H 23.6" Monitor ($119.99 @ Newegg)
Wireless Network Adapter: TP-Link TL-WDN4800 802.11a/b/g/n PCI-Express x1 Wi-Fi Adapter ($38.57 @ Amazon)
Keyboard: Perixx PX-1000 Wired Gaming Keyboard ($27.99 @ Newegg)
Mouse: Gigabyte GM-M6900 Wired Optical Mouse ($24.99 @ Micro Center)
Total: $931.36
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2014-05-15 23:40 EDT-0400)