Answering your question, it will work.
What are you using this system for?
This build will do better with a 3 monitor set up. GTX 780Ti will do much better in 3 monitors compared to the gtx 770 2gb
I don't think you need a 500gb SSD, a 240GB ssd is probably more than enough for most things already I'd imagine, and you have a 2tb hard drive for storage anyways.
The Corsair CX vs the XFX for the same price the XFX is much better and will more likely not fail you in the near future, and it will provide more power.
For RAM, I think 32gb is a bit overkill, 16 is plenty. Of course if the purpose of this system will do better with 32gb then go for it.
I swapped the CPU to a Haswell-R cpu, and swapped the motherboard for one that will do just as well as the other one you had.
I don't know what else i did to this. But yeah. It should perform just as well if not better.
PCPartPicker part list:
http://pcpartpicker.com/p/hc8vqs
Price breakdown by merchant: http://pcpartpicker.com/p/hc8vqs/by_merchant/
CPU: Intel Core i7-4790K 4.0GHz Quad-Core Processor ($339.99 @ Newegg)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($29.99 @ NCIX US)
Motherboard: MSI Z97-GAMING 5 ATX LGA1150 Motherboard ($147.99 @ Amazon)
Memory: G.Skill Ares Series 16GB (2 x 8GB) DDR3-1866 Memory ($139.50 @ Newegg)
Storage: Kingston SSDNow V300 Series 240GB 2.5" Solid State Drive ($104.99 @ Micro Center)
Storage: Seagate Barracuda 2TB 3.5" 7200RPM Internal Hard Drive ($77.99 @ NCIX US)
Video Card: EVGA GeForce GTX 780 Ti 3GB Superclocked ACX Video Card ($679.99 @ Amazon)
Case: Fractal Design Define R4 w/Window (Black Pearl) ATX Mid Tower Case ($79.99 @ Newegg)
Power Supply: XFX 650W 80+ Bronze Certified ATX Power Supply ($69.99 @ NCIX US)
Total: $1670.42