Rate my Build!

Hello guys! I would like for you tech-experts to rate my budget build.
It's in Canadian currency and it doesn't have a OS because I can get a legit one for free, and for now I will be rolling with Integrated Graphics.
I'm buying one part at a time and got my Intel 3570k for VERY cheap (Brand new $160).
Rate please and suggestions! :)

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More about rate build
  1. I made some changes, there's cheaper ram out there, and it's better to have low profile ram which will not block the cooler, also a caviar blue 1TB is much more cheaper, same performance.
    Changed the psu for better, and a higher series from msi mobos : http://ca.pcpartpicker.com/p/Aba6
  2. PCPartPicker part list: http://pcpartpicker.com/p/AbeL
    Price breakdown by merchant: http://pcpartpicker.com/p/AbeL/by_merchant/
    Benchmarks: http://pcpartpicker.com/p/AbeL/benchmarks/

    CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($28.99 @ NCIX)
    Motherboard: MSI Z77A-G45 ATX LGA1155 Motherboard ($94.99 @ Canada Computers)
    Memory: Corsair XMS3 8GB (2 x 4GB) DDR3-1600 Memory ($37.99 @ Newegg Canada)
    Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($67.99 @ NCIX)
    Case: Rosewill BlackHawk ATX Mid Tower Case ($89.99 @ Newegg Canada)
    Power Supply: XFX 550W 80 PLUS Bronze Certified ATX12V / EPS12V Power Supply ($59.99 @ NCIX)
    Optical Drive: Lite-On iHOS104-06 Blu-Ray/DVD/CD Drive ($25.99 @ Newegg Canada)
    Other: Intel 3570k ($160.00)
    Total: $565.93
    (Prices include shipping, taxes, and discounts when available.)
    (Generated by PCPartPicker 2013-01-28 20:25 EST-0500)

    here with the correct changes, :)
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