First build questions

Hello community, I am currently gathering the pieces to build my first pc. I plan on making this a budget PC for gaming which i intend to overclock mildly. My questions are regarding if my power supply will be adequate and stable enough for mild overclocking and if there are any general areas of concern. Here is the planned parts (some of which i already have)

MB: Gigabyte ga-970a-ud3
CPU: AMD Phenom II x2 560 Black edition (purchased already)
GPU: ASUS EAH6850 DC/2DIS/1GD5/V2 Radeon HD 6850 1GB 256-bit GDDR5 PCI Express 2.1 x16
RAM: 2 x 4GB Kingston HyperX 240 pin DDR3 1600
HD: Seagate Baracuda 6gb/s 500gb 7200 rpm
Case: Rosewill Cruiser (purchased before i learned about cases with cable management options)
PSU: OCZ ModXtreme 500W (in my current computer)
CPU Cooler: Cooler Master Hyper TX3
Scythe KM-02 fan controller
OS: Windows 7 Pro 64 bit

Just curious if this power supply is worthwhile or if I should get something either more powerful or more stable. Like I previously stated, plan to do mild overclocking (hopefully still with stock voltages).
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More about first build questions
  1. This topic has been moved from the section CPU & Components to section Systems by Mousemonkey
  2. Those parts work fine together and the PSU is plenty!
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