I would be using it for gaming, studenty things, a bit of video rendering, and the obvious general web browsing. I am set on the FX-8350 so please don't try to shove benchmarks in my face and make me want Intel.
The SP120's would go on the radiator and the AF120's+ the stock radiator fans would just cool the entire case.
I know I've posted a similar build before and gotten feedback but I know new products have come out and I'm finally getting serious about saving funds for this
Depending on the price difference you might want to go with the 8370 lower wattage and (If I'm not mistaken) same performance. Also the GTX 960 comes out Q1 2015 (Yet again don't quote me) so if your saving might serve you well to wait a little bit. This coming from a person who bought the GTX 770 2 weeks before the GTX 970 came out...
From what I've heard the AM3+ socket is here until late 2015 early 2016 and is kind of dead at the moment with only incremental processors coming out (i.e 8370/E) and I've also head that the R9 390 is coming somewhat soon.