Is this psu good enough for my specs

Don't buy a no name psu. I recommend going with Seasonic. 430-520w should do it.

Ok do i have to worry about how many amps are on the 12v rail im confused

Not with a PSU from a decent maker.

Hello here is the specs for the psu can anyone confirm this would work with my current setup

• Storm 500w psu with 120mm fan. OR I COULD UPGRADE TO THE 600WATT VERSION ????
• Improved Spec now with 4+4= 8pin connector and 4 x SATA
• +12V technology; Version.2.0
• Silent fan operation with noise level <23dBA
• PFC Power Factor correction
• 24 Pin; 4 pin +12V; 1 x 6 pin Pci-e; 4 x SATA; 3 x 4 pin power; 1 x floppy connector
• Cable length 50cm Full Braided Cable sleeve
• Rear on/off power down switch
• Over voltage and circuit protection +3.3, +5V, +12V
• CE/FCC UL approved
• EMI Filter built in
• Colour retail boxed
• For Socket 775, Am2 and all backward CPU's
• ROHS Compliant
• Dimensions W 150 H86 D 140mm
• +3.3V 20A; +5V 30A; +12V 30A; -12V 05.A; +5vsb 2.0A
Technical Specification
Manufacturer: Storm Rail 3 +12V: N/A
Size: ATX v2.0 Rail 4 +12V: N/A
Edition: Silent Rail 5 +12V: N/A
Wattage: 500 W Rail 6 +12V: N/A
80 PLUS Certification: Uncertified Rail 7 +12V: N/A
Max. Efficiency: Rail 8 +12V: N/A
ErP / EuP Ready: No Max. Combined Output +12V: N/A
Cooling: Quiet Fan Modular Type:
Fanless: No SLI/CrossFire: No
Fans: 1 x 120mm
EPS 12V: Yes
Internal +12V Rails: Single Rail Motherboard Connector: 24 Pin
Rail 1 +12V: 30 A Connectors: 1 x 4+4pin CPU +12V
3 x 4pin Molex
1 x 6pin PCI-E Power
1 x FDD Power
4 x SATA Power
Rail 2 +12V: N/A Dimensions: 150 x 86 x 160 mm (WxHxD)

Or this psu
http://www.dabs.com/products/ocz-technology-500w-corexs...