Video Editing Build - Does this look good? $993 with LCD

http://secure.newegg.com/WishList/PublicWishDetail.aspx?WishListNumber=26120747

I just want something basic. If there's a way to make it cheaper - I'll do that too. As cheap as possible.

The editing is going to be 5-15min clips max (no crazy long editing or anything). Current computer works but want something a bit faster (on a pre-built HP w/ i3 4gb of ram)

Appreciate any help!
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  1. PCPartPicker part list: http://pcpartpicker.com/p/rhKv
    Price breakdown by merchant: http://pcpartpicker.com/p/rhKv/by_merchant/
    Benchmarks: http://pcpartpicker.com/p/rhKv/benchmarks/

    CPU: Intel Core i5-3570K 3.4GHz Quad-Core Processor ($214.99 @ Newegg)
    CPU Cooler: Cooler Master Hyper 212 Plus 76.8 CFM Sleeve Bearing CPU Cooler ($24.99 @ Newegg)
    Motherboard: ASRock Z77 Extreme4 ATX LGA1155 Motherboard ($134.99 @ Newegg)
    Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-1600 Memory ($49.99 @ Newegg)
    Storage: Samsung Spinpoint F3 1TB 3.5" 7200RPM Internal Hard Drive ($88.98 @ Newegg)
    Video Card: XFX Radeon HD 7850 2GB Video Card ($179.99 @ Newegg)
    Case: Cooler Master HAF 912 ATX Mid Tower Case ($59.99 @ Newegg)
    Power Supply: Antec Basiq Plus 550W 80 PLUS Certified ATX12V Power Supply ($67.98 @ Newegg)
    Monitor: Asus VH242H 23.6" Monitor ($159.99 @ Newegg)
    Total: $981.89
    (Prices include shipping, taxes, and discounts when available.)
    (Generated by PCPartPicker 2012-12-06 22:49 EST-0500)
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