Power Supply Question with new build

if you wanna know what PSU to use check here first:
http://educations.newegg.com/tool/psucalc/index.html

i don't see any compatibility issues. But, i wouldn't use a 1 TB hard drive as my primary drive.
I'd look @ getting a small SSD for the OS and program files, then use the 1 TB drive for everything else.

If you get an aftermarket fan for your CPU (as i always recommend anyways) you'll have some head room to OC it a bit.

Mainly, that video card takes two 6-pin PCIe power cables, and your power supply only has one.

You can basically turn two molex (4-pin) connectors into a 6-pin PCIe connector with an adapter like this, though ... should run you $3 or $4.

http://www.meritline.com/showLargImage.aspx?sku=192-375

Can't find a qualified review of your specific psu, but a lower power brand-mate of your psu didn't get rave reviews:

http://www.hardwaresecrets.com/article/Thermaltake-Purepower-430W-NP-Power-Supply-Review/332/9

being judged incapable of delivering 350W. But if your psu can deliver anything close to spec, it should work OK.

The rest of your configuration is well chosen at that budget level.