~$700 gaming build- advice & any holiday sales?

My co-worker wants to get parts for his son to build a gaming setup. He already has a monitor, keyboard, mouse and case. (although the case is just a wide dell case, so may need more fans or maybe just get a new case, I haven't seen it yet ).
Also Looking for any deals or sales that are on around the holidays for any of the recommended components so keep that in mind if you know about anything good.

His budget is around $700.

Here is what I am thinking, although most of this is from experience building my first gaming rig last summer with a $1200 budget.

Processor: Intel i5 2500k (what I have on my build, too much for a ~$700 one?)

MOBO: AS Rock Z77 Extreme.

OS: Win. 7 Home (Or student if he can get a copy from his sons school).

*Note: will probably bundle MOBO, prosessor and OS at Microcenter for the deal as there is one just down the street.

PSU: I have a 700 watt one on mine but I hear about 500 or maybe less is good for a lower end build so this?: Antec NEO ECO 520C 520W ($55) -Although a modular one would be nice.

GPU: this is where I'm not sure. Thinking an HD 7770, but would like to do better. I have a 7870 GHz edition on mine.

HDD: 1TB SAMSUNG Spinpoint F3 ($79)

Optical drive: any thing for ~$15-$25 at Microcenter.

Maybe a CPU cooler, but not probably not necessary. Would be a nice treat though.

Same for any extras like lights or fans/controllers or card slots if anything is a great deal right now.

I guess that about it.

-Thanks for any input.
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  1. Best answer
    PCPartPicker part list / Price breakdown by merchant / Benchmarks

    CPU: Intel Core i5-3470 3.2GHz Quad-Core Processor ($184.99 @ Amazon)
    Motherboard: ASRock H77 Pro4/MVP ATX LGA1155 Motherboard ($87.55 @ Newegg)
    Memory: Patriot Intel Extreme Master, Limited Ed 8GB (2 x 4GB) DDR3-1600 Memory ($31.99 @ Amazon)
    Storage: Western Digital Caviar Blue 500GB 3.5" 7200RPM Internal Hard Drive ($57.99 @ NCIX US)
    Video Card: XFX Radeon HD 7850 2GB Video Card ($209.99 @ Newegg)
    Power Supply: XFX 550W 80 PLUS Bronze Certified ATX12V / EPS12V Power Supply ($59.99 @ NCIX US)
    Operating System: Microsoft Windows 7 Home Premium SP1 (OEM) (64-bit) ($89.99 @ Amazon)
    Total: $722.49
    (Prices include shipping, taxes, and discounts when available.)
    (Generated by PCPartPicker 2012-12-18 13:39 EST-0500)

    if he had a windows copy it would be much easier to put more sexy stuff
  2. You might need a new case, as Dell sometimes goes away from the standard form factor and whatnot.

    The build above is nice.
  3. Why pay 209 bucks for a 7850 while you can buy a GTX 660 for that money? 7850 (1 or 2gb) belongs to sub 200s for their performance and GTX 660/HD 7870 can be considered for over 200
  4. yup nice the gtx 660 is a good card and actually it's better than the 7850 ,
    here is one with a nice price.
  5. At that price, you might as well go for the 7870:
  6. Best answer selected by UnlimitedVicktory.
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