Upgrade 7 years in the making

PSU is overkill for a single GPU and insufficient for 2-way SLI/Crossfire.
500-550w would be fine for single, 750w for dual.

I personally don't find that particular 840 a good buy. It's cheap because it has a relatively low write speed compared to the others. You'll be better off getting the 256gb Samsung 830.

The RipjawsX's tall heat spreaders are unnecessary and will give you a hard time installing a CPU cooler when the time comes that you need to OC. Also, it's CL10 - the general consensus is to not get anything above CL9 as that is the sweet spot for latency. I suggest this instead.
http://www.newegg.com/Product/Product.aspx?Item=N82E168...

670 is a great card. It's the only mid-high end nVidia card I would suggest. Though if you want better performance for the money, the 7970 is in the same price point.

Everything else looks good to me!

Thanks for your help excella1221!

Revised list. Swapped PSU,RAM and SSD for your recommendations.

http://pcpartpicker.com/p/nolA

CPU: Intel Core i7-3770K 3.5GHz Quad-Core Processor ($319.99 @ Amazon)
Motherboard: ASRock Z77 Extreme4 ATX LGA1155 Motherboard ($124.99 @ Amazon)
Memory: G.Skill Ares Series 16GB (2 x 8GB) DDR3-1600 Memory ($79.99 @ Newegg)
Storage: Samsung 830 Series 256GB 2.5" Solid State Disk ($190.03 @ NCIX US)
Video Card: Asus GeForce GTX 670 2GB Video Card ($399.99 @ Newegg)
Case: Cougar Challenger-B (Black) ATX Mid Tower Case ($95.98 @ Newegg)
Power Supply: Antec Basiq Plus 550W 80 PLUS Certified ATX12V Power Supply ($54.99 @ Newegg)
Optical Drive: Lite-On iHAS424-98 DVD/CD Writer ($24.49 @ SuperBiiz)
Total: $1290.45

Using the 550W PSU, I assume if I wanted to give the CPU and GPU a tiny bump in power I could do so and still not be close to maxing the PSU? (Doubt I would for a while, just want to plan for future).

Get this instead. Price dropped and is better than the 830.
http://www.amazon.com/dp/B007RARHSO/?tag=pcpapi-20

Antec Basiq isn't that good, mediocre maybe. Get this instead.
http://us.ncix.com/products/?sku=59615&vpn=P1550SXXB9&m...

And yes, 550w would still be fine for that. Just don't add a 2nd GPU.

Why would he need 2 GPUs and a server CPU?

Yes the i7 and a single 670 is good enough. He's not building a workstation here lol.
Also I would get a SeaSonic S12II 520w PSU if I were you. Have been using many of them for years and never had a single one fail

Don't worry about him, he's kind of the resident troll back when I was active as well.

I would get an i5-3570k with a 7950 though. If your laptop was tolerable when you were doing your stuff. I think the i7 would a be an overkill.

With the i5-3570k and 7950. You save $200

http://www.newegg.com/Product/Product.aspx?Item=N82E168...

You also get 3 free AAA games which cost about $150. So it would feel like you are buying the 7950 for only $150. WHAT A STEAL.

The money you saved can finally go to a 1tb drive which is only $50 right now since it's a newegg sale. So, yeah.

Okay dokey kids.

http://pcpartpicker.com/p/nM91

Skip to bottom if you just want to see current parts.

Trolling aside, I will be sticking with my CPU and GPU choices. I plan on working with video quality ranging from Gopros to mid level DSLRs. My current laptop lags with editing Gopro footage, working with DLSR quality video really hurts it, and attempting to do anything in Premier grinds everything to a halt. Hence the "want to get into" high end video editing. Movie maker doesn't really cut it.   Plus Photoshop makes stuff like Pandora stutter pretty bad when exporting images/applying filters, etc.

Little laptop trivia: HP dv6500t: 2.4 ghz cpu, 2GB of RAM, 128mb GPU. (They offered a 256mb the day after I bought it!) HD is only a 5400rpm I think. Roughly 7 years old. So yeah its getting a little tired and slow nowadays. (Oddly enough, as of last year I could run Crysis 1 at roughly 25-30fps. Of course at 800x600 on super low.)

The 1TB is not a concern yet, as the laptop only has 250gb, so I'm not losing any real space. A external 1TB drive serves as a file dump currently, so no worries at all on space.

As for the PSU, the general consensus seems to be that XFX PSUs are made by Seasonic. Both seem very good, so I picked the cheaper XFX 550W.

Looked into the OCZ, seems worth it. Replaced the Samsung with it.

CPU: Intel Core i7-3770K 3.5GHz Quad-Core Processor ($319.99 @ Amazon)
Motherboard: ASRock Z77 Extreme4 ATX LGA1155 Motherboard ($124.99 @ Amazon)
Memory: G.Skill Ares Series 16GB (2 x 8GB) DDR3-1600 Memory ($79.99 @ Newegg)
Storage: OCZ Vertex 4 256GB 2.5" Solid State Disk ($189.99 @ Amazon)
Video Card: Asus GeForce GTX 670 2GB Video Card ($399.99 @ Newegg)
Case: Cougar Challenger-B (Black) ATX Mid Tower Case ($95.98 @ Newegg)
Power Supply: XFX 550W 80 PLUS Bronze Certified ATX12V / EPS12V Power Supply ($53.99 @ NCIX US)
Optical Drive: Lite-On iHAS424-98 DVD/CD Writer ($24.49 @ SuperBiiz)
Total: $1289.41

Price seems right on the money. Unless there are any glaring flaws, this will be the config I pick.

Thank you guys so much for your help!

-Techpriest09

Looks good to me.  

Das good.

why don't you Techpriest09 invest in a better PSU ?

Let's keep this thread a bit more positive. Difference of personal opinions do not mean one idea is superior or inferior of another just because you don't agree.

Let me know if there are any issues.

Thanks.

Nice build