PCPartPicker part list:
http://pcpartpicker.com/p/VPRvvK
Price breakdown by merchant: http://pcpartpicker.com/p/VPRvvK/by_merchant/
CPU: Intel Core i5-4440 3.1GHz Quad-Core Processor ($169.99 @ Amazon)
Motherboard: ASRock H81M-DGS R2.0 Micro ATX LGA1150 Motherboard ($47.98 @ Newegg)
Memory: Team Dark Series 8GB (2 x 4GB) DDR3-1600 Memory ($57.99 @ Newegg)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($39.99 @ Best Buy)
Video Card: Gigabyte Radeon R9 290 4GB WINDFORCE Video Card ($254.99 @ NCIX US)
Case: NZXT Source 210 (Black) ATX Mid Tower Case ($32.99 @ Micro Center)
Power Supply: SeaSonic S12II 620W 80+ Bronze Certified ATX Power Supply ($68.99 @ SuperBiiz)
Optical Drive: Samsung SH-224DB/BEBE DVD/CD Writer ($13.98 @ OutletPC)
Total: $686.90
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-12-21 01:07 EST-0500
This one beats the one you listed by a lot in terms of gaming performance and value.