Thanks to you guys I finally managed to decide on the parts.
If it wasn't for you I would have probably ended up with something I would probably regret quite soon.
In the beginning I wanted an AMD system for the lower price and the fact that I was more used to it, in the end though after going through the forums I gathered my self and decided to go with Intel instead.
Take in mind that my budget was limited and the use will probably consist of a small bit of gaming, video encoding and rendering and the normal everyday use most of us do.
I'll go with the flow here, I don't know that brand of PSU. I personally stick with know brand. PSU is an area where you don't want to cut corner. I went for the Corsair 620 and I am totally satisfied.