Coolermaster power supplies stink for the most part and you only need 500 watts for that computer. Look for a Corsair, Seasonic, PC Power and Cooling, XFX, Silverstone, Enermax or Antec for a quality PSU.
If you can find it in your budget for a 120-128GB SSD you will thank yourself later not buying a drive you have to micromanage for space. The Samsung 830 is about the best drive on the market right now in reliability and speed.
If you are only planning on running a single graphics card a 550w power supply will allow you to upgrade to anything short of the highest end cards. If you plan on running 2 in Sli then 600 watts is not enough. You will need more like 750w to Sli 2 mid tier cards.
Also I plan on running dual boot Linux (probably Ubuntu) and Windows 7 Home premium. I will load the OS on the SSD and use the HDD for data only, I am most likely going to switch over to SSD for everything eventually (will take a while since i have approx ~4 Tb of recordings and photos i will have to transfer to ssd)
I have a large wood bar to work on, with wood floor so static should be nonexistent right (but i will still try what the Paul guy said with tapping metal before working on the mobo etc)...
Thanks again for the help so late in the morning
Cannot wait to have a good pc, I love my laptop ( 8gb ram, i5, 600 gb hdd, Wimax), but this should be a beast in comparison. I've been worried using the laptop for editing as i use it primarily to record live concerts from my microphones and an recorder. I rather keep it usage down outside of that setting, to keep it's life longer.