Yes... As a single card it will work just fine. In my opinion, there are no real great options for SLI on AMD, outside the ASUS M4N98TD EVO. If you really want SLI, I would think Intel Core i5 750 with the ASUS P7P55D-E Pro.
With Sandy Bridge a little less than a month away, I see no reason not to wait if you can wait. It is the better platform and at a minimum should drive the price down on the current Intel's & AMD's for better deals.