PCPartPicker part list: 
http://pcpartpicker.com/p/Ausm
CPU: Intel Core i7-3770K 3.5GHz Quad-Core Processor  ($229.99 @ Microcenter) 
Motherboard: ASRock Z77 Extreme4 ATX  LGA1155 Motherboard  ($119.99 @ Microcenter) 
Memory: Samsung 8GB (2 x 4GB) DDR3-1600 Memory  ($46.98 @ Amazon) 
Storage: Samsung Spinpoint F3 1TB 3.5" 7200RPM Internal Hard Drive  ($74.98 @ Outlet PC) 
Storage: Crucial M4 128GB 2.5" Solid State Disk  ($104.99 @ Amazon) 
Video Card: PowerColor Radeon HD 7970 3GB Video Card  ($359.99 @ Newegg) 
Case: Fractal Design Define R4 w/Window (White) ATX Mid Tower Case  ($99.99 @ Microcenter) 
Power Supply: OCZ ModXStream Pro 600W 80 PLUS Certified ATX12V / EPS12V Power Supply  ($65.98 @ Newegg) 
Monitor: Asus VH236H 23.0" Monitor  ($149.00 @ NCIX US) 
Total: $1251.89
Swap your PSU to something a bit more solid if you can, how much more could you afford to spend on it?
thinking about building a new pc from scratch. Budget is around 1200. Going to be used mainly for gaming. thoughts???