First Gaming Build - does this work?

[JGlo]

I have just joined Overclockers Forum, as I am about to do my very first PC build and I was hoping some of you experienced builders out there could just make sure I am not about to make any expensive mistakes!

I am looking to build a Gaming PC that has an element of future proofing in it. While I have not done any overclocking before, I am keen to do some basic overclocking as well.

The build that I have in mind is as follows:

Intel Core i5 – 3570K (£177)
Asus P8z77-v Deluxe (£182)
Corsair Low Profile Vengeance 16GB 1600MHz CL9 DDR3 (£71)
Inwin Dragon Rider Case (£97)
Corsair Enthusiast Series TX750 V2 750W PSU (£84)
Noctura NH-C14 low profile CPU Cooler (£67)
Samsung 830 256GB SSD (£171)
LG BH10LS38.AUAR 10x Internal BD-RW (£67))
Windows 7 Home 64 bit OEM (£73)
Total £990

I also intend to reuse my Samsung 22” monitor and my Asus GTX550 TI DirectCu TOP graphics card. I realise that this GPU might cause a gaming bottleneck until I upgrade, but I only bought it 2 months ago !

So I guess my questions are:
1) Is there anything here that stands out as a compatibility issue or that just plain doesn’t make sense?
2) Should I go with OEM Windows 7 or spend an extra £30 on a retail version
3) Will the Asus BIOS aid a novice in setting this up for the first time

 

[JGlo]

My price range is around £1000 mark, but could be flexible if it made a difference.

I was considering 16gb purely from a future proofing basis. In terms of usage, it is pretty much soley for gaming.

 

[JGlo]

I have 2 x 256gb HDD SATA drives (as well as an external 1tb HDD) They won't be fast, but I figured if I am primarily using the 256gb SSD, then I could use these for storing photos and stuff I don't need to access very often