First Time Budget Gaming Build

Hello, I'm wondering if someone could help me critique my build. My budget is $500-$700(before RB) and I'm looking to build a rig that can play BF3 and Skyrim without any issues.

Current Selection:

GIGABYTE GA-970A-D3 AM3+ AMD 970
http://www.newegg.com/Product/Product.aspx?Item=N82E16813128521

Seagate Barracuda ST31000524AS 1TB 7200 RPM
+
ASUS DRW-24B1ST/BLK/B/AS Black SATA 24X DVD Burner
http://www.newegg.com/Product/ComboDealDetails.aspx?ItemList=Combo.696141

SAPPHIRE 100312-1GDP Radeon HD 6950 1GB
http://www.newegg.com/Product/ComboDealDetails.aspx?ItemList=Combo.731437

COOLER MASTER HAF 912
+
COOLER MASTER eXtreme Power Plus RS-550-PCAR-E3 550W ATX12V
http://www.newegg.com/Product/ComboDealDetails.aspx?ItemList=Combo.732695

AMD Phenom II X4 965 Black Edition
+
Crucial 4GB 240-Pin DDR3 SDRAM DDR3 1333
http://www.newegg.com/Product/ComboDealDetails.aspx?ItemList=Combo.728945

At the moment, the current total is $647.42. I was wondering if there are any better alternatives to the products that I have posted above.

Is 4GB enough for a 6950, or would I have to upgrade to 8GB?
Will a 550W PSU not be enough for the GPU?
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More about first time budget gaming build
  1. 550 watts is good but CM extreme is not.
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