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Spend the extra 60-70 $ and get a 7970 instead.

If you do lots of multitasking (eg virtual machines) or gaming with more than one monitor for example, I'd also up the RAM to 16gb.

Also, get at least a gold certified PSU - it might seem a bit pricier than going with a bronze cert but it will save you money in the long run on the electric bill.

Other than that, looks good.

You have a old slow sata II ssd in there, also just get a single 2TB hdd, and spend more on the card for a 7970, also 850W is overkill for a single card, the TX650 V2 will do just fine.

PCPartPicker part list / Price breakdown by merchant / Benchmarks

CPU: Intel Core i5-3570K 3.4GHz Quad-Core Processor ($229.00 @ PCCaseGear)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($35.00 @ PCCaseGear)
Motherboard: ASRock Z77 Extreme4 ATX LGA1155 Motherboard ($135.00 @ PCCaseGear)
Memory: Corsair Vengeance 8GB (2 x 4GB) DDR3-1600 Memory ($54.00 @ Foxcomp)
Storage: Seagate Barracuda 2TB 3.5" 7200RPM Internal Hard Drive ($99.00 @ PCCaseGear)
Storage: Sandisk Extreme 240GB 2.5" Solid State Disk ($199.00 @ PCCaseGear)
Video Card: Gigabyte Radeon HD 7970 3GB Video Card ($415.00 @ PCCaseGear)
Case: Cooler Master Storm Enforcer ATX Mid Tower Case ($89.00 @ PCCaseGear)
Power Supply: Corsair Enthusiast 650W 80 PLUS Bronze Certified ATX12V / EPS12V Power Supply ($115.00 @ PCCaseGear)
Monitor: ViewSonic VA2448m-LED 24.0" Monitor ($169.00 @ PCCaseGear)
Total: $1539.00
(Prices include shipping, taxes, and discounts when available.)

I don't really like seagate, I have heard they have a much higher failure rate then WD



16 Gigs of RAM is overkill for just gaming, you only need 16 gigs if your going to be rendering

Seagate has the same reliability as wd, if you want a wd hdd just get one 1TB, but seagate hdds are fine, overall it's slightly faster and it's cheaper.