Gaming pc build under 700 WITH OS

Is it possible to do this with at least an i3 and preferably a 2gb amd 7850? I will be gaming at 1080p. I would like the parts to be in amazon or newegg, because I live in California. And I will not be overclocking or upgrading in the near future. Thanks!
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  1. PCPartPicker part list / Price breakdown by merchant / Benchmarks

    CPU: Intel Core i3-3220 3.3GHz Dual-Core Processor ($119.99 @ Amazon)
    Motherboard: MSI Z77A-G41 ATX LGA1155 Motherboard ($59.99 @ Newegg)
    Memory: Patriot Viper 3 8GB (2 x 4GB) DDR3-1600 Memory ($19.99 @ Newegg)
    Storage: Seagate Barracuda 2TB 3.5" 7200RPM Internal Hard Drive ($69.99 @ Newegg)
    Video Card: Gigabyte Radeon HD 7850 2GB Video Card ($159.99 @ Newegg)
    Case: NZXT Source 220 ATX Mid Tower Case ($48.00 @ Newegg)
    Power Supply: Antec EarthWatts Green 650W 80 PLUS Bronze Certified ATX12V Power Supply ($39.99 @ Newegg)
    Optical Drive: Lite-On iHAS124-04 DVD/CD Writer ($15.99 @ Newegg)
    Total: $533.93
    (Prices include shipping, taxes, and discounts when available.)
    (Generated by PCPartPicker 2012-11-23 05:30 EST-0500)

    This pretty much it.

    With the $40 Windows 8 Pro offer
    http://windows.microsoft.com/en-US/windows/buy

    Before rebates and tax, it would be $670. after rebates before tax, it would be $573.
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