I think you are cutting it too close with the Thermaltake PurePower 480. You should get a PSU that can provide at least 24 amps for some potentional future additions.
Here's my estimates of your power consumption on the 12v rail:
Conroe E6600...............................52w
Click to see CPU Power Consumption (Burn)
Radeon X850XT.............................69w
Click to see X850XT measured power consumption
Motherboard.................................20w (only a buffer, mobo draws power from 3.3v rails, and 5v rails.)
2 Hard Drive (decent capacity)......40w (20w x 2)
2 Optical Drives............................28w (14w x 2)
7 80mm fans................................28w (4w x 7) - Assuming full speed.
2 HD cooler fans............................4w (just a guess)
RAM..............................................0w (RAM draws power from the 3.3v rail)
ATI TV Tuner Pro card...................0w (All PCI cards draws power from the 3.3v/5v rails)
Total Power Consumption..............241w
Total Amps..................................20.08 (241w / 12v)
As you can see, I estimate that this system needs more amps than the PurePower can provide. Even taking out the 20w "buffer" on the motherboard, that would work out to 18.41 amps, round down to 18 amps if you wish.
Granted, this is assuming every single component is running at 100% which will not happen. While gaming, I estimate your system will draw about 211w with the "20w buffer", and 191w without. That means about 17.6 amps, or 15.9 amps (without the buffer).