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Is this good enough??

Perszonally Id want something in the 650 watt range or better. While your current rig wont use 550 watts, PSU's work best, cooler, quieter, more efficient and last longer when in the 40-50% range so a 650 would give a little more headroom for better PSU operation and future upgrades especially if overclocking.
 
I recommend against using that PSU. There was a design flaw with the Truepower and Truepower II PSUs that causes them to fail prematurely, especially under higher loads. Although your PSU may be working fine right now, using a higher-end system with a moderately high power draw will probably accelerate that process. I recommend buying a new quality PSU in the 500W range to replace it.
 
I agree with Zero82z. The True Power II series PSUs had Fuhjyyu caps which fail very early under high heat. Worse, the cooling fan in the True Power II PSUs spins at its slowest speed most of the time, resulting in the internal temperatures inside the PSU to be significantly hotter than their design calls for! And even moderate loads can accelerate the early death. Worst of all, that PSU is now at least five years old; thus, the capacitors have likely deteriorated to the point where even a 350W to 400W load can blow that PSU up.
 
+1 to the above. dont risk your new hardware with an old and questionable power supply
 
Thanks guys. Any recommendations as far as a replacement. I may xfire or sli in the future, what's a decent, budget psu for those needs?
 
Just in case the card(s) that you choose have two PCIe power connectors each, I recommend the following PSU:

$92 - Antec TruePower New TP-650 650W Continuous Power ATX12V V2.3 / EPS12V V2.91 SLI Certified CrossFire Ready 80 PLUS BRONZE Certified Active PFC "compatible with Core i7/Core i5" Power Supply

This is a partially modular PSU that comes with the cables that are required for a basic configuration permanently hard-wired into the PSU's body and the additional cables (which may be required for more loaded configurations) detachable. It also comes with four PCIe power connectors - a must if you're going to use two higher-end GPUs. (The Antec NEO ECO 620W is cheaper, but comes with only two PCIe power connectors, and any Molex-to-PCIe connectors that you buy separately may be of questionable quality.)

And don't confuse the TruePower New with the TruePower 2.0: They are of completely different platforms. The old TruePower 2.0 was a CWT design that is of a quality that has become notorious for early failures due to the combination of low-quality caps and slow or idle cooling fans (and which ultimately led to the termination of the Antec-CWT contract). The TruePower New is a SeaSonic design, of a quality that's just a smidgen below that of SeaSonic's own top-of-the-line platform.
 
I appreciate the very insightful reply. As far as this particular recommended PSU, do you envision it running the next generation or two of mid-high end single core GPU cards in SLI/Cross fire while still having room to overclock both the cpu and gpu? Or is 650w just a tad on the low side to attempt to future proof such potentialities?
 
The Sandy Bridge CPUs actually use less power than their Lynnfield predecessors at every given GHz (or MHz) setting. And the newer-generation GPUs consume less power from the PSU than earlier-generation GPUs for the same level of performance. So, unless you go for two extremely high-end GPUs and heavily overclocked CPUs, 650W is more than sufficient.

Otherwise, there is no budget PSU that can handle future high-end parts. Most of those that have a higher wattage claim and cost less cannot realistically provide anywhere close to their labeled wattage.
 
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As far as this particular recommended PSU, do you envision it running the next generation or two of mid-high end single core GPU cards in SLI/Cross fire while still having room to overclock both the cpu and gpu?
For ATI cards, it's enough. For high-end nVidia cards, you'd want something more powerful.
 
I picked one gs 800 up at best buy on clearance for 69 bucks plus tax couldnt believe it,that was in store so it may vary for you.
 
Thanks man! I was able to jump on the same deal after some creative wheeling and dealing. Modular or not, $69.99 for a solid PSU at 800w is just a steal. I was also able to grab the Corsair A70, yesterday, for $26.99. Basically saved 50% on some solid products.
 
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