It will do. Id change a few things but in that price range it's about all you are gonna get. If you can throw another 500-1000 into it...then we can start getting true high end.
Also WD black, not blue.
Dont want to get super carried away for a first time build, and it'll mainly be used for gaming so I want to keep things at least semi cost effective. I'll upgrade things in the future as best I can when parts start to bottleneck. And it's hard to beat $50 for blue.