I plan on buying some new parts to upgrade my computer, probably during Black Friday. My current set up is
AMD Pennom II 955 3.2 GHz
DDR 3 1333 2X2Gigs and 2X4Gigs, 12 gigs total
Radeon HD 6870 1GB
Corsair PSU 650W with support for crossfire/sli
I've been considering getting an i7 3770k with a water cooler and overclock it and get a better GPU later, or getting a cheaper processor and getting the GPU now. The main thing I do is game and based on reviews online I could just go with the i5 and save 100 dollars.
Also I havent tried overclocking my current processor, would it be a good idea to get a water cooler for that and overclock it, and spending my money on a much better gpu?
Unless you really do anything that warrants hyperthreading, the i5 will suit you just fine as the difference in gaming is negligible. Yes you'll have people claiming that the sky is falling for quad cores due to the new consoles, but it will be quite some time before they are irrelevant if the longevity of dual cores for gaming is any indication.