It looks like it'll work, but....
If it's going to be used for gaming then I would go with a HD5970 (or equivalent) graphics card - it will allow for running crossfire in the future if you decide to go that way. The motherboard doesn't support SLI.
Check that the processor includes the heat sink. It looks like it does, but can't hurt to be sure!
If you're going with 8GB RAM then get a 2 x 4GB kit, not a single 8GB DIMM. The motherboard support dual channel RAM so nothing to lose there. The motherboard doesn't have too many USB 3.0 headers. Check that it won't cause connectivity or performance issues for you.
I'd question the lack of SSD drive. It's a big performance gain. If money is an issue then downgrade the graphics card to free up budget for an SSD (that's a personal opinion - others may see it differently!).
The case has no front fan included. Think about buying one to install. It's not critical, but will help with cooling.