Definitely. The best price/performance point as far as gaming laptops go (at 16 inches!)
It's certainly better than the MSI CX620 and the Asus K52F. The i5-430M version is better though...but obviously more expensive (should be around $900) .
And if you're willing to shell out $1,100, there is always the ASUS N61JQ-X1 i7-720QM.
I'd stick with your original pick though