not exactly.. like 979$ or something ^^ tho its a pretty nice build, u dont need to change ur memory for the next 5 years probably most people are running 8GB atm so ur at 16 so its fine.
The proccesor is a dedicated Gaming Proccesor, tho it works really good in encoding movies etc, lightning fast.

if u want even a faster Coder u should go for the Intel I7 2600k, tho its more for an Working Proccesor, not gaming exactly.
Graphic card is fine.. If u feel ur starting to lagg in games, just buy another card and ur rdy for Sli! > 2 graphic cards working together <
The Hard drive is an Black edition. tho its like Version 1 of the Black edition that came there is 2 more now, but that HD works rly good

i got that HD in my computer so

u cant get much closer to an SSD, ofc u could always buy an Raptor Hard drive which will run on 10800 RPM or something like that.. tho i cant see anything good in those

i rather buy an SSD since they cost the same
Motherboard.. Well its the best M-ATX u can get right now on the market, u got loads of Overclock utilitys

for example ur Proccesor u can easy just turn on a button and it will be overclocked to 4.4GHz , otherwise its on 3.3GHz and when Turbo its on 3.7GHz
Power supply -> u may wanna change this to a 750watt+ when u can afford that later on

then u can feel safe that u can run any modern graphic card in that! now im talking about the Nvidia 590 GTC, but of thats 2Graphic cards in 1 .. otherwise ye its fine
Overall : 8/10 Since u still need 1 more Graphic card to run a VERY GOOD gaming machine for the money.
I dont think u need to uppgrade ur PC in the next 5 years atleast

.. My pc is just a Dual core 2.93ghz Nvidia 560 TI 2gb ram shitty motherboard like zero OC utilitys, but im running most games on MAX right now

thanks to my 560 TI just imagine how well ur PC will run then
my family doesnt have much cash atm, im relying on the money ill get from chistmas + my brother's which i would have to loan from him and together it will be 700$ ish.
I could always build u a Budget PC that works still is rly good
only a few things i need to know : How big is ur Case right now? in most cases u dont need to change Case to uppgrade ur PC saves like 60$

other then that in my guessing nothing is worth saving in ur old PC except that ur Hard drive ?.. depends how its condition is and how big it is in GB ?