Is this a good $500 build for switching from console?

Feel free to critique anything here!

http://pcpartpicker.com/p/29iRG 

Depends on what you expect out of it. It will look Better than PS3 and xbox 360 by a long ways. That case only has one 120mm fan in it. Got Thermal Grease for it?

http://www.amazon.com/ARCTIC-MX-4-Carbon-Based-Thermal-Compound/dp/B0045JCFLY

http://pcpartpicker.com/p/29ob7

You can get some great deals on 7870s these days.

Hey man, just did some looking around and I think you might be a little happier with this. Let me know what you guys think. 

http://pcpartpicker.com/p/29pkl

That's an awesome price. I just havent had very good luck with PowerColor. Add that to my build! haha

I would steer clear of the super low end AM3+ boards if I were you, there is a heap of issues that you may run into, including VRM overheating.

Changed it to a better reviewed Asus board. Hard to find anything with a 970 chipset in a micro atx form factor.