Do you need both cards now? You could always buy another in a couple of years time and upgrade your CPU at the same time.
Anyway, yes there would be some sort of bottleneck with such powerful cards in SLI, but it's not going to be enough to cause any major issues. Most likely you will be seeing lower frame rates than you should for those cards, apart from that everything should still run smooth....it's more an issue of money wasted if you're not going to get the best from them, and not so much a performance issue that will ruin your game play.
Of course you can always clock that CPU up a bit, depending on your cooler, and get more performance from it.