Not a bad hardware composition for your first build, however I would make a few changes;
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The Corsair 750W is only $5 more than the 650W V2[After rebates on both]. Sure it's the first gen 750w vs the 650w Gen 2, but we are talking about a "True and Tested" design by Corsair who has provided quality PSUs for many years. I can also personally vouch for this PSU as I have one myself - it's powering the PC I am writing this post from.
PSU: Corsair 750W [First Gen]
http://www.newegg.com/Product/Product.aspx?Item=N82E16817139021
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Case: Personally, as far as PC Cases go, it all comes down to Price Vs Air Flow ratio. Nothing on the market does this better than the Antec 300 Illusion. It's still a very popular case today and has much to offer for it's price. This case has stood the test of time [This case was released back in the 8800GT days
]
I replied incorrectly sorry
The Case offers 2 frontal intake 120mm fans, 1 top 140mm exhaust fan, 1 rear 120mm fan [They all come with blue LEDs and a 3 Speed Switch]. There is also a easily removable and washable air filter located in the front panel. And finally it offers a small but acceptable area for wire management. On a side note, the fans are very quiet even when turned to speed 3.
Antec 300 Illusion ==>
http://www.newegg.com/Product/Product.aspx?Item=N82E16811129066&Tpk=Antec%20300%20Illusion
Note: You will have to sacrifice 1 drive bay to fit the Graphics Card, small price to pay considering it's a solid case with good air flow and half the price of the Corsair Carbide.
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Mobo:
I Couldn't find anything under Asus M4A8BT - but i have found the Asus M4A88T. Is this the mobo you plan to get?
http://www.newegg.com/Product/Product.aspx?Item=N82E16813131657
Personally, I find micro-ATX mobos very... frustrating to work with due to it's smaller form factor, which brings me to my next point. Don't underestimate a mobo's quality and capabilities, they interconnect all the hardware in a PC. If you invest $50 more in a better mobo, it will have very good north and south bridges - which provides excellent on-board sound quality among other benefits [i.e memory slots, sata ports, etc]. Thus ending the need to purchase a dedicated sound card.
Consider GIGABYTE GA-880GA-UD3H.
http://www.newegg.com/Product/Product.aspx?Item=N82E16813128444
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CPU: The Phenom II x4 965 BE is an excellent choice.
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SSD: By OCV, I'm guessing you meant OCZ??
I would recommend the Curcial M4 128GB. It costs about $50 more but it has a much better track record in reliability. The reviews speak for themselves.
http://www.newegg.com/Product/Product.aspx?Item=N82E16820148442
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Hard-Drive/Data-Drive:
I would recommend the Western Digital Caviar Black. Nothing fancy, just a solid and good performing HDD for a good price.
750GB ==>
http://www.newegg.com/Product/Product.aspx?Item=N82E16822136794
1TB ==>
http://www.newegg.com/Product/Product.aspx?Item=N82E16822136533
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OS:
I can understand Windows 7 Ultimate's Extra Features offer much temptation, but how many of those features do you actually need and plan to use????
Why not consider Windows 7 Home Premium OEM, it less than half the price of the retail Windows 7 Ultimate - the money you save can be put towards better hardware.
Consider Windows 7 Home Premium OEM:
http://www.newegg.com/Product/Product.aspx?Item=N82E16832116986
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Graphics Card:
The current "best bang for your buck are between the Nvidia GTX 560TI and AMD's 6950 2GB; trading blows for blows in many modern games today - they both offer excellent [if not overkill] capabilities for streaming HD videos and gaming.
Nvidia GTX 560TI 1GB ==>
http://www.newegg.com/Product/Product.aspx?Item=N82E16814125401
AMD 6950 2GB ==>
http://www.newegg.com/Product/Product.aspx?Item=N82E16814150549
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RAM: <== you forgot about these
I would recommend the G.Skill 4GB x2 1333mhz or 1600Mhz ram sticks.
G.Skill 4GB x 2[8GB] 1333mhz ==>
http://www.newegg.com/Product/Product.aspx?Item=N82E16820231402
G.Skill 4GB x 2[8GB] 1600mhz ==>
http://www.newegg.com/Product/Product.aspx?Item=N82E16820231401
As previously released on Tom's Hardware review, the "sweet spot" for RAM is Latency 7 Sticks between 1333mhz and 1600mhz.
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That concludes everything, hope this helps.
~Coffee
Edit: Fixing links