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IS THE PSU GOOD ENOUGH TO HANDLE THE CPU OVERCLOCKED @3.6 and the graphics card?

I would say yes.Enjoy,Scott

Don't skimp on the power supply. You'll regret it down the road, either in the form of lack of expandability (look at how few connectors it has!) or when it dies on you because its a cheap unit. Go with a name brand you can trust like Corsair, OCZ, PC Power & Cooling, Silverstone, Thermaltake, Seasonic, FSP (Fortron).