The PSU you chose is great in the looks department but it is only backed by a 3 years parts and 1 year labor warranty. I would look at the SeaSonic M12 SS-700HM. SeaSonic makes some nice PSUs and this one backed by a 5 year parts and 5 year labor warranty. It costs $10 more but has free shipping.
SeaSonic M12 SS-700HM $179.99 + FREE SHIPPINGhttp://www.newegg.com/Product/Product.aspx?Item=N82E16817151031B
Also consider a 4 GB kit (2x2gb) for easy upgrade to 8 GB.
OCZ Reaper HPC Edition 4GB(2 x 2GB) 240-Pin DDR2 SDRAM DDR2 800 (PC2 6400) Dual Channel Kit Desktop Memory - Retail $120.99 + free shippinghttp://www.newegg.com/Product/Product.aspx?Item=N82E16820227267
Timings not as tight 4-4-4-15 VS. 3-4-4-15. Not sure about OCing.