When it comes to gaming and its Intel vs AMD, then Intel is the winner.
However I started to notice in multi-threaded apps the FX-8350 demolishes the i5's.
More specifically it was the FX-8350 and i5-3570k, 3570k wins in games for the most part and FX-8350 is better at multi-threaded apps such as video rendering.
Anyways your processor is not that bad at all, much better than my current processor...
Also since you claim on being not up to date on the technology releases, there is the Haswell processors coming up next year. I hope that makes the prices of the Ivy Bridge go down a bit at the very least and that will be a good time to upgrade if not in a rush. Nonetheless, I still believe your processor is a capable one.
Thanks for info. I was on the fence about wether to upgrade or try my first oc. Maybe I'll give the oc a try... But it's a little bit scary.