CPU: Intel Core i5-2500 CPU Cooler: Stock Cooling Motherboard: GigaByte Z68AP-D3 Intel Z68 Chipset DDR3 ATX Mainboard Memory: Corsair Vengeance 8GB (2 x 4GB) DDR3-1600 Memory Hard Drive: Barracuda 7200 SATA 3Gb/s 500GB Hard Drive Video Card: Evga Gtx 570 Superclocked Case: Haf 912 or In Win Mana 136 Power Supply: 850 Watts - CoolerMaster Silent Pro Gaming 80 Plus Power Supply Optical Drive: LG 12X Blu-Ray Player & DVDRW Combo Drive OS: Microsoft® Windows 7 Home Premium 64 Bit Monitor: 24" Widescreen 1920x1080 Asus VS247H-P LCD Total: $1208 (after mail in rebates)
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I think it looks pretty good. The thing that I think could be improved upon based on the money you are spending are:
1. If you are not overclocking, you really don't need an 850 watt PS unless you anticipate using more than one video card in the future. (but you won't be able to use SLI because the board doesn't support it) Potentially, you could save yourself some money by picking a 600 to 650 watt good quality PS.
2. I don't know what Gigabyte was thinking when they included a serial and a parallel port in the I/O panel. Short of industrial applications, I don't think there are very many people using those ports anymore. I'm uneasy about a motherboard that includes obsolete technology in its I/O panel. You may not feel the same way but, I'd look for something a little more "up to date".
I agree that the PSU is a little overboard for your intended use. Other than that your build looks great. I especially like the 912 case (but then I'm partial cause that's what I use).