Is this good for recording and playing games on?

for recording extra threads helps as you want to dedicate as many as possible to the capture process. I would try to get an i7, and perhaps a more powerful GPU, as recording does take some wind out of your sails. that motherboard is a great board, but it is rather expensive and overkill for this task. I would aim around the $120 mark.
 
I would aim for a 4790K and a R9 380 or a R9 290 if possible. as wurkfur has said, unless you plan to OC a lot a hyper 212 evo will keep your CPU cool, cost about half as much and still allow some OC. or you can sue the Xeon cheat and get a Xeon 1231V3. it is like a 4790 but with no integrated graphics which you do not need anyway. then you also would not need to worry about OC as it is a locked chip save for base clock boosts.
 
PCPartPicker part list / Price breakdown by merchant

CPU: Intel Xeon E3-1231 V3 3.4GHz Quad-Core Processor ($239.99 @ SuperBiiz)
CPU Cooler: CRYORIG H7 49.0 CFM CPU Cooler ($34.50 @ Newegg)
Motherboard: ASRock Z97 Anniversary ATX LGA1150 Motherboard ($87.98 @ Newegg)
Memory: G.Skill Ripjaws X Series 16GB (2 x 8GB) DDR3-1600 Memory ($55.99 @ Newegg)
Storage: Samsung 850 EVO-Series 250GB 2.5" Solid State Drive ($85.49 @ OutletPC)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($48.64 @ Directron)
Video Card: XFX Radeon R9 380X 4GB DD XXX OC Video Card ($189.99 @ Newegg)
Case: Fractal Design Define R4 w/Window (Black Pearl) ATX Mid Tower Case ($74.99 @ NCIX US)
Power Supply: EVGA SuperNOVA P2 650W 80+ Platinum Certified Fully-Modular ATX Power Supply ($74.99 @ NCIX US)
Optical Drive: LG WH14NS40 Blu-Ray/DVD/CD Writer ($45.89 @ OutletPC)
Operating System: Microsoft Windows 7 Ultimate (64-bit)
Case Fan: Corsair Air Series SP120 High Performance Edition (2-Pack) 62.7 CFM 120mm Fans ($21.99 @ Newegg)
Monitor: Asus VX238H 23.0" Monitor ($109.99 @ Micro Center)
Total: $1070.43
Prices include shipping, taxes, and discounts when available

Generated by PCPartPicker 2016-04-05 19:36 EDT-0400

i strongly recommend u to switch to windows 10 microsoft will drop support for wi 7 soon.
also direcx12 will be fully optimalized by windows 10, games reform better on that.
 
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