Your build is pretty good but there is still room for improvement.
I made you a PC that is a severely improved version of the one you made and it doesn't cost a lot more.
PCPartPicker part list /
Price breakdown by merchant /
Benchmarks
CPU: Intel Core i7-2600K 3.4GHz Quad-Core Processor ($269.99 @ Newegg)
CPU Cooler: Cooler Master Hyper 212 Plus 76.8 CFM Sleeve Bearing CPU Cooler ($14.99 @ Newegg)
Motherboard: MSI P67A-GD80 (B3) ATX LGA1155 Motherboard ($59.99 @ Newegg)
Memory: G.Skill Ripjaws Series 8GB (2 x 4GB) DDR3-1600 Memory ($24.99 @ Newegg)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($74.99 @ NCIX US)
Storage: Samsung 840 Series 250GB 2.5" Solid State Disk ($158.39 @ Amazon)
Video Card: Sapphire Radeon HD 7970 3GB Video Card ($329.99 @ Newegg)
Case: Rosewill BlackHawk ATX Mid Tower Case ($59.99 @ Newegg)
Power Supply: Rosewill Capstone 750W 80 PLUS Gold Certified ATX12V / EPS12V Power Supply ($102.98 @ Newegg)
Optical Drive: Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer ($19.98 @ Outlet PC)
Total: $1186.28
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2012-11-25 03:08 EST-0500)
Ill compare the two PC's part by part.
CPU More powerfull, more overclockable CPU which consumes more electricity and does not support PCI-E 3
Motherboard Higher-end motherboard, packed with features which uses an older chipset therefore it doesn't support PCI-E 3
Memory Specification wise both memory kits are equal.The only difference is that the Vengeance kit looks better while the ripjaws are shorter which makes them easier to fir under a big air cooler
Hard Drive - The hard drive used in this build is much more reliable than the one you listed.It's also a bit faster, and a bit queter.
SSD - The Samsung 840 250GB is a very, very fast SSD.Much faster than the HyperX and its also in stock.
Graphics card - I chose a card which is currently out of stock but when it comes in stock it will be a hell of a deal.
If you can't afford it however i suggest you look into either a GTX 670
http://www.amazon.com/dp/B007Z33SYA/?tag=pcpapi-20
Which isn't really that much slower
a HD 7950 - which is a bit slower than the GTX 670 at stock but has a nice cooler which allows it to reach higher performance when overclocked
http://pcpartpicker.com/part/gigabyte-video-card-gvr795...
Or a HD 7870 which is a lot cheaper than the cards on top making a good budget alternative
http://pcpartpicker.com/part/gigabyte-video-card-gvr787...
Here's an article comparing the performance of the cards i mentioned.
http://hardocp.com/article/2012/11/12/fall_2012_gpu_dri...
CASE - The case i used in the build is also very very good.It's a much better part than the HAF 912 both in terms of build quality and accoustic/cooling performance.
Power Supply - I included a very high quality 750 Watt unit which supports Crossfire/SLI and has very high efficiency.
And the real CON in this build is its price im pretty sure it's more expensive than the build you made but im also sure that its worth every penny more.