Upgrade Primary components for $500

[Z Cyber]

I am upgrading a machine and I will need the following parts:

Processor
Motherboard
RAM
Hard Drive
Video Card
Relevant Cables (already have SATA cables)
Processor cooler (I already have plenty of case fans, only cpu cooler will be needed)

Things I already have covered:

DVD Drive
Power Supply
Monitor
Keyboard
Mouse
A/V Cables
ATX Case
Operating System
Games

Please give me the best, non-bottlenecked gaming performance for $500 with the parts mentioned on a 1080p monitor with Windows 7 Ultimate. Components will be housed in an ATX Case and have primary power supply of 500 watts and a supplementary power supply of 200 watts if needed for extra video card power. All suggestions are great and I would like to purchase all parts online. Thanks!

 

[tiny voices]

http://pcpartpicker.com/p/lLW3

I would do something like this.

 

[tiny voices]

http://pcpartpicker.com/p/lLXd

Get this graphics card instead.