Ok, after getting some input earlier on these forums I've done some extensive research and this is what I came up with.
1920x1200 monitor already owned.
Planning on overclocking the CPU to 4.5GHz and maybe tweaking the video card and the RAM, but not much.
PSU should allow me to get a second graphics card in 4-5 months when ill have more money available. Will also buy a data drive when the prices drop a little.
I'm still leaning toward 16GB of ram over 8GB. Main reason is I don't want to be required to remove the monstrous nh-d14 cooler just to upgrade to 16gb in the future. $40 to never think about RAM for the life of my system sounds life a decent deal to me.