I think point made on the 7950 to some extent. Then again, there are 7970 which are £299, not £350 as the Frozr one - which to go for then - 7950 @ say £250 or 7970 @ £299?
Im sure the 7950 can overclock, but I prefer to leave some headroom - for £50, even if it means the card lasts 3 months longer, its worth it. Would the 7970 not OC anyways?
In terms of monitor - I am torn. 120 Hz will be good but an IPS for sheer viewing pleasure (and larger size) must be good too. That monitor gets good reviews and its not only viewing angles (agreed, also have a level head, no pun intended) but the overall quality is better, even against good TN panels.
I am only really playing 1 game at the moment - Guild Wars 2 - the rest of the time its other PC activites like browsing / work etc.