Any improvements/bottlenecking needed?

Solution
Made some changes to your build and made it cheaper, with a better CPU. If that Xeon is not available to you, the i5 would still be ok, as an i7 would take you over budget.

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Xeon E3-1230 V3 3.3GHz Quad-Core Processor ($249.98 @ SuperBiiz)
Motherboard: ASRock H97 PRO4 ATX LGA1150 Motherboard ($86.66 @ Newegg)
Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-2133 Memory ($71.10 @ Newegg)
Storage: Crucial MX100 256GB 2.5" Solid State Drive ($99.99 @ Amazon)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($52.92 @ Amazon)
Video Card: PowerColor Radeon...

logainofhades

Titan
Moderator
Made some changes to your build and made it cheaper, with a better CPU. If that Xeon is not available to you, the i5 would still be ok, as an i7 would take you over budget.

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Xeon E3-1230 V3 3.3GHz Quad-Core Processor ($249.98 @ SuperBiiz)
Motherboard: ASRock H97 PRO4 ATX LGA1150 Motherboard ($86.66 @ Newegg)
Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-2133 Memory ($71.10 @ Newegg)
Storage: Crucial MX100 256GB 2.5" Solid State Drive ($99.99 @ Amazon)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($52.92 @ Amazon)
Video Card: PowerColor Radeon R9 290 4GB PCS+ Video Card ($381.30 @ Newegg)
Case: Corsair SPEC-01 RED ATX Mid Tower Case ($55.98 @ Newegg)
Power Supply: XFX 650W 80+ Bronze Certified ATX Power Supply ($69.99 @ TigerDirect)
Optical Drive: Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer ($16.99 @ Newegg)
Operating System: Microsoft Windows 8.1 (OEM) (64-bit) ($89.99 @ NCIX US)
Total: $1174.90
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-06-13 11:35 EDT-0400

 
Solution