Yet another "Is this a good build" thread

[kEwLiO]

I'm looking to get a good gaming PC, but I honestly have no idea what the hell I'm doing. :lol: I know a little bit when it comes to GPU's, but I don't know what to do for the rest.

I threw this together using a video on Youtube, and changed a couple of things in the process. http://pcpartpicker.com/p/3gxAB (It probably sucks. XD)

I have a feeling that I'm paying too much for a CPU and not enough for the GPU. I'd like to stay within the 1000-1500 range, but I'm open to higher if it's worth it.

I guess my main questions are
Am I paying too much for the CPU?
How good of a motherboard is what I've chosen? (Grammar senses tingling...)
Is it better to get 16 GB of RAM instead of 8?
Is the hard drive too cheap for the size?
Can anybody vouch for the GPU? Or should I go higher? (Alright maybe I don't know as much as I think I do...)
Is it even worth it to get a PC at this time now that a new Nvidia GPU has been announced?

Hopefully someone can understand my post. lol

 

[TechCIDLC]

PCPartPicker part list / Price breakdown by merchant / Benchmarks

CPU: Intel Core i5-4670K 3.4GHz Quad-Core Processor ($234.97 @ OutletPC)
CPU Cooler: Noctua NH-D14 65.0 CFM CPU Cooler ($71.99 @ Mwave)
Motherboard: Asus Z87-A ATX LGA1150 Motherboard ($129.99 @ NCIX US)
Memory: Corsair Vengeance 8GB (2 x 4GB) DDR3-1600 Memory ($72.99 @ Amazon)
Storage: Samsung 840 Pro Series 128GB 2.5" Solid State Disk ($119.00 @ Amazon)
Storage: Western Digital Caviar Black 1TB 3.5" 7200RPM Internal Hard Drive ($88.98 @ SuperBiiz)
Video Card: EVGA GeForce GTX 770 2GB Video Card ($346.99 @ Amazon)
Case: Cooler Master HAF 912 ATX Mid Tower Case ($49.99 @ Micro Center)
Power Supply: Corsair 760W 80+ Platinum Certified Fully-Modular ATX Power Supply ($129.99 @ Newegg)
Optical Drive: Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer ($18.99 @ Newegg)
Total: $1263.88
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2014-03-25 23:13 EDT-0400)