Mr_Snipe's first custom PC build.Tips, opinions, and assistance needed

So this past couple days, I have been collecting a list of Computer Parts for my Budget Gaming PC ($500 - $600). This is what I have so far, any opinions or advice will be appreciated:

-Motherboard: ASRock H77M LGA 1155 Intel H77 HDMI SATA 6Gb/s USB 3.0 Micro ATX Intel Motherboard
-Graphics Card: EVGA SSC 01G-P4-3652-KR GeForce GTX 650 Ti 1GB 128-bit GDDR5 PCI Express 3.0 x16 HDCP Ready Video Card
-PSU: COOLER MASTER eXtreme Power Plus RS500-PCARD3-US 500W ATX12V v2.3 Power Supply
-CPU: Intel Core i5-3570K Ivy Bridge 3.4GHz (3.8GHz Turbo) LGA 1155 77W Quad-Core Desktop Processor Intel HD Graphics 4000 BX80637I53570K *NEED ALTERNATIVE*
-RAM: CORSAIR Vengeance 8GB (4 x 2GB) 240-Pin DDR3 SDRAM DDR3 1600 Desktop Memory Model CMZ8GX3M4X1600C9
-HDD: Seagate Barracuda ST500DM002 500GB 7200 RPM SATA 6.0Gb/s 3.5" Internal Hard Drive -Bare Drive
-Chasis: Sentey Extreme Division GS-6060 Plus Sandy Matte Black SECC / Plastic ATX Mid Tower Computer Case

The only concerns I have so far is whether the PSU can supply the necessary power, whether all the parts are compatible, and which parts I can replace with a better, preferably cheaper one. One the side note: I already bought the chasis and a Razer Naga Molten mouse ( Courtesy to Newegg's 72-hour sale). If further clarification or reasoning needed, feel free to leave a question. :D
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More about mr_snipe custom build tips opinions assistance needed
  1. Intel Core i5-3470 Ivy Bridge 3.2GHz (3.6GHz Turbo Boost) LGA 1155 77W Quad-Core Desktop Processor Intel HD Graphics 2500 BX80637i53470 $199.99

    By going with the 3470 you still get an i5 cpu and save $20 , since your going with the 650Ti video card this cpu will be a good match. You can save an additional $10 by going with this cpu.

    Intel Core i5-3330 Ivy Bridge 3.0GHz (3.2GHz Turbo) LGA 1155 Quad-Core Desktop Processor Intel HD Graphics 2500 BX80637i53330 $189.99
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