Budget Build Suggestions

I am hoping to put together this gaming build soon, maybe even this week.

Since I'm a newb, I'm hoping I can get some suggestions for any improvements or changes to this setup.

This is what I've got.
CPU: Intel Core i3-3220 3.3GHz Dual-Core Processor ($109.99 @ NCIX US)
Motherboard: ASRock Z75 Pro3 ATX LGA1155 Motherboard ($84.99 @ Amazon)
Memory: Patriot Intel Extreme Master, Limited Ed 8GB (2 x 4GB) DDR3-1600 Memory ($31.99 @ Amazon)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($59.99 @ NCIX US)
Video Card: Sapphire Radeon HD 7870 GHz Edition 2GB Video Card ($194.99 @ Newegg)
Case: Cooler Master HAF 912 ATX Mid Tower Case ($49.99 @ NCIX US)
Power Supply: XFX 550W 80 PLUS Bronze Certified ATX12V / EPS12V Power Supply ($53.99 @ NCIX US)
Optical Drive: Lite-On iHAS124-04 DVD/CD Writer ($17.89 @Outlet PC)

Are there any problems with this build? Also, is there anything else I will need to assemble the build?(Special tools and such)
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  1. Looks good to me.
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