first of all, downgrade that i7 to an i5 - 2500k. i7 is more for video editing and you will see no real improvement over the i5 for gaming. The money you save i would upgrade the mobo to an ASRock extrem4 gen3.
everything else looks great. i would do the MAXIMUM DEFAULT CASE FANS for it for [+9]. Personally, i'm not a fan of water cooling... seems like more trouble than its worth. but thats not my forte`. i swapped that out and put a Thermaltake FRIO in there, with Push-pull fans.
I took your advice and switched the mobo to ASRock extreme4 gen3.
As for the cooling, I think I'm going to stick with the water cooling.
But the sales have changed and now they have the Corsair H60 Liquid Cooling CPU Fan for free.
If I get this option instead of the CoolIT ECO II-240, I get to save $27.
Is it worth it? As I mentioned it in my original posting, I do plan to overclock.
If there is a huge difference in the performance, then I'll just stick with the CoolIT ECO.
But, if there isn't that much of a difference, then I would like to take it out, get the Corsair and use the $27 on something else.
I know you mentioned that water cooling is not your forte, but since I'm a REAL noob in this field, I'm sure you know more than me.
I don't know much about liquid cooling so I can't really help you there. But i'm going to have to stress that the i7 is wasting money. unless youre video editing or doing high end graphics, youre tossing your money down the drain. For gaming the i5 -2550K is the best bang for the buck.