The 965 CPUs are probably the best and most respectable CPUs to come out of the AMD factory in a long time.
I'd loose the H40 cooler, put that $40 towards a 7870 or 7950 if you can stretch it.
If you want to overclock I'd still suggest the H212 cooler and a 990FX motherboard.
And last point, see if you can get a better case and PSU. Reviews of that case looks bad and people complains about the PSU.
Other than that looks good
Your right no need for the cooler now and if I think i need one I can get one later.
I kept the 7850 because of the budget.
went with the Azza Orion 202EVO Black case (looks pretty smexy).
also got the Apex Allied AL-D500EXP 500W Power Supply because the reviews were good and looks like a solid psu.