RetiredChief :
1st off the manuf specs are vailid, but can be misleading as H doulbe l.
Now for Practical, subtracting The 120 fro 430 yields 310W available for the +12, or 25.8 Amps.
You will only get the rated 29A IF the combined Power for the +3.3V, 5.0V, -12V, and the +5USB is 82 WATTS. I may be wrong but I think a E6x00 takes arround 60 W all by itself.
Modern PC draws more PC from the 12v rails than from the 3.3v or 5v rails. Almost all power hungry components draws power from the 12v rails.
The biggest power draw on the 3.3v/5v rails will be the motherboard. RAM and anything plugged into the PCI ports, like a sound card will also be drawing power from these two rails. The heads on hard drives and CD/DVD drives draws power from the 5v rail, while the motor that actually spins the platter or CD/DVD draws power from the 12v rail. Oh yeah, the floppy drive too.
A premium motherboard with all the bells and whistles draws what, 50w max? 2GB of RAM draws maybe 10w. Sound cards probably draws about 8w - 12w and the head motors on hard drives, DVD drives is about 6w - 7w.
Assuming that for some strange reason the OP's power on the 12v rail maxes out all 348w of power, there will still be 82w on the 3.3v/5v rails.
Intel Core 2 Duo E6750
2GB DDR2 667 RAM
Asus P5N-E SLI
8600GT or x1950pro possibly (i am upgrading gpu but will get something better like 8800gts in the future)
2 IDE hard disk, 1 SATA II hard disk
1 floppy drive, 2 Optical Drives
Seasonic S12 430w
2x120mm case fans
Based on the OP's proposed PSU, but excluding the GPU I estimate the max power draw on the 12v rails to be as follows: (P.S. I hate Power Calculators because they often inflate their numbers):
E6750 OC'ed to 3.0GHz......................................68w
*
3 Hard Drives (IDE & SATA)................................45w (12v x 1.2 amps and rounded up for each drive)
2 Optical Drives................................................15w (12v x 1.2 amps and rounded up for each drive)
2 120mm Fans (Full Speed).................................12w
Total Est. Max Power Consumption on 12v rail.......140w
Total Est. Max Amp Consumption on 12v rail..........11.67a = 140w / 12v
* This is based on actual power measurements from Xbitlabs.com. The 68w is based on an overclock making the E6750 faster than the C2D X6800.
http://www.xbitlabs.com/articles/cpu/display/core2duo-shootout_11.html#sect0
If the OP is not overclocking the CPU, then the E6750 should approximately draw as much power the stock E6700 since they are more or less the same clock speed. This would drop the max CPU power consumption to about 59w.
MAX POWER CONSUMPTION assumes every single component is working at 100% load. It is really doubtful that the all 6 drives will be spinning all at once while the CPU will be maxed out. Assuming the CPU will running @ 100% load and the drives are idle, power consumption on the 12v rail should drop to about 120w (with the CPU @ 3.0GHz and the fans running at full speed. That means 10 amps.
The 8800GTS 640 KO should not draw as much power as the 8800GTX 768, but I'll take the 8800GTX power consumption just to be conservative. Below is the pic from Xbitlabs' review which I provided a link to in my previous post.
As can be seen the 8800GTX draws about 132w, or 11 amps. A standard 8800GTS 640 draws 106w, or 8.8 amps. If I were the OP and wanted to play it safe I would simply buy a stock speed 8800GTS 640.
Getting back to total max power consumption,
with an overclocked E6750 @ 3.0GHz and a 8800GTX 768 total max power consumption will be 272w or 22.67 amps. Typical power consumption while playing will probably be close to 233w, or 19.42 amps.
If the CPU is running at stock speed and the OP drops in a stock speed 8800GTS 640 GPU, then total max power consumption will drop down to 245w or 20.42 amps. Typical power consumption while playing will probably be close to 197w. or 16.42 amps.
In either situation the Seasonic S12 430 will have no problems running this setup because if the PC were to consume 272w (max power consumption) on the 12v rails, that means there is still 158w (13.17 amps) left for the 3.3v/5v rails.
UPDATE:
Edited for some grammatical errors, but more importantly the calculations were based on 4 hard drives, but the OP's proposed PC only had 3 hard drives. The calculations have been updated.