If its for gaming... then you can go for the build as given below. Its cheaper by almost $80 compared to your build.
PCPartPicker part list:
http://pcpartpicker.com/p/8MyH7P
Price breakdown by merchant: http://pcpartpicker.com/p/8MyH7P/by_merchant/
CPU: AMD FX-8350 4.0GHz 8-Core Processor ($179.98 @ OutletPC)
Motherboard: Asus M5A78L-M/USB3 Micro ATX AM3+ Motherboard ($46.79 @ Newegg)
Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-1866 Memory ($79.99 @ NCIX US)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($49.99 @ Micro Center)
Video Card: MSI Radeon R9 270X 2GB TWIN FROZR Video Card ($159.99 @ Newegg)
Total: $516.74
Prices include shipping, taxes, and discounts when available