Configuration feedback

Hello,

I just put together the system below. I would like feedback about whether or not it should be sufficient for video work, mainly HD stuff:

Case: Antec DF-85 Full Tower
- Advanced Harmony SRS Sound Reduction System
Internal Expansion:
- 6-Port NZXT Internal USB Expansion System + Bluetooth Module
Processor:
-Intel® Core™ i7 980X Extreme Edition (6x 3.33GHz/12MB L3 Cache)
Processor Cooling:
-Asetek 570LX Liquid CPU Cooling System w/240mm Radiator [SOCKET-1366]
Memory:
-12 GB [2 GB X6] DDR3-1800 - Corsair
Video Card:
-NVIDIA GeForce GTX 470- SLI Mode (Dual Cards)
Motherboard:
[3-Way SLI] ASUS Rampage III Extreme w/ 4x PCI-E 2.0 x16
Motherboard Add-on:
ASUS U3S6 True USB 3.0 & SATA 3.0 PCI-E x4 Expansion card
Power Supply:
-1200 Watt, Thermaltake TR2 TRX-1200M Power Supply - Quad SLI Ready
Primary Hard Drive:
1 TB - 64M Cache, 7200 RPM, 6.0Gb/s - Dual 1TB Drives (2TB Capacity) - RAID 0 High
Data Hard Drive:
- 1 TB - 64M Cache, 7200 RPM, 6.0Gb/s - Dual 1TB Drives (2TB Capacity) - RAID 0
Optical Drive:
- 2 [10X Blu-Ray] LG BLU-RAY Re-Writer, DVD±R/±RW Burner Combo Drives
Flash Media Reader/Writer:
- 12-In-1 Internal Flash Media Card Reader/Writer
Sound Card:
- Creative Labs Sound Blaster X-Fi Xtreme Audio
Network Card:
-Intel Pro 10/100/1000 Network Card
Operating System:
-Microsoft Windows 7 Professional + Office 2010 (Includes basic versions of Word and Excel) - 64-bit
Additional Software: Microsoft Office 2010 Home and Business - Word, Excel, PowerPoint, OneNote, and Outlook included
Wireless Network Adapter: - LINKSYS WUSB600N 802.11n Dual-Band Wireless USB Adapter
Tuniq TX-2 High Performance Thermal Compound

Thanks for inputs.

your storage drive shouldn't be in raid 0 if its for storage

So much wasted cash, i don't know where to begin.

a 980x? two GTX 470's? and a 1200w PSU?! liquid cooling?

i understand you are into encoding and such, but how about a AMD Phenom II 1090t, a decent air cooler, 460's in SLI with a corsair 650w PSU.

you are throwing money at performance you will never use. it seems utterly pointless. with the above stuff you will still have a super powerful rig, but it will cost half as much.