Is this comp worth the price?

Alright, since that comp is obviously a bad price what about this build:
http://pcpartpicker.com/p/2ZJNE

Btw I don't need a OS, I already own Windows 7 Ultimate Edition so I can just get that onto it.

Just a few things:

1. Buy the RAM in a 2x4GB set. This way you can confirm it's dual channel.
   
2. If possible, you can step it up to a 7790, 7850 or a similarly matched Nvidia card.
   

Updated Parts: http://pcpartpicker.com/parts/partlist/