If the person is not interested in OC'ing, then the i5-3550p is a good choice. The savings can go towards the price of a graphics card. Most games are bound by the GPU than the CPU.
OC'ing also involves buying a heatsink about $30, and generally a more expensive motherboard with the z75 or z77 chip which may cost around $20 - $30 more than a H77 chipset mobo. Therefore, by not overclocking you get a savings of around $90 - $110.