First Build Gaming Rig, Need some help with picking parts?

OK so I am gonna live stream games with this computer. What I was wondering is the i7 more beneficent at live streaming than an i5 to justify the extra cost, or would it be easier to overclock an i5?

CPU: Intel Core i7-3770K 3.5GHz Quad-Core Processor ($304.99 @ Newegg)
CPU Cooler: Zalman CNPS9500 AT Ball Bearing CPU Cooler ($29.99 @ Newegg)
Motherboard: ASRock Z77 Extreme4 ATX LGA1155 Motherboard ($134.99 @ Amazon)
Memory: G.Skill Sniper 8GB (2 x 4GB) DDR3-1600 Memory ($53.30 @ NCIX US)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($69.99 @ eNCIX US)
Video Card: Sapphire Radeon HD 7970 GHz Edition 3GB Video Card ($418.13 @ SuperBiiz)
Wireless Network Adapter: Rosewill RNX-N250PCe 802.11b/g/n PCI-Express x1 Wi-Fi Adapter ($21.39 @ Amazon)
Case: Lian-Li PC-K62 ATX Mid Tower Case ($99.99 @ Newegg)
Power Supply: Corsair Builder 750W 80 PLUS Bronze Certified ATX12V / EPS12V ($63.98 @ Newegg)
Optical Drive: Lite-On iHAS124-04 DVD/CD Writer ($16.97 @ Outlet PC)
Operating System: Microsoft Windows 7 Home Premium SP1 (OEM) (64-bit) ($89.98 @ Outlet PC)
Total: $1303.70

Any help or suggestions or different computer builds will be appreciated this is what I have I am looking to spend around 1200 to 1400 on a computer and I am in canada. Thanks in Advance Guys
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  1. Right very few games can use more than 4 threads for this reason the hyper-threading on the Intel® Core™ I7-3770K has very little value in a gaming system. So I would save the money and go with the Intel Core i5-3570K. As far as overclocking between the Intel Core i5-3570K and Intel Core i7-3770K there really isnt any difference between them.

    For the cooler I would go with the Cooler Master Hyper 212 Evo as it is rated better cooler and it is much easier to replace the 120mm fan if it goes bad.

    For this build you can drop the PSU (Power Supply Unit) down to around 500w to 600w and still have more than enough power for this build. The SeaSonic M12II 620w is a very good unit with a 5 year warranty.
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