Building a New PC, Suggestions? Opinions?

Sup guys.  I am finally taking a leap into a brave new world.  After having left PC gaming in favor of the Xbox 360 when it launched, and with new consoles still a ways away, I thought it would be a great time to invest in a new PC and have decided to build it myself.  So before I go and get everything this weekend, I wanted to lay out the parts I have decided on so far and see what you guys think as to what I have and maybe where I could save some money or go a little further. 

CPU 
Core i5 2500k, Sandy Bridge. 
 
Motherboard 
Gigabyte   LG1155 P67 
 
RAM 
8 GB (4GBx2) Patriot 1600MHZ 
 
Video Card 
MSI GTX 560Ti 
 
 Power Supply 
Logisys 500W
 
Getting a 500 gig hard drive, don't want or need more than that.  Thinking about going for a SSD Drive when Skyrim is out, but we will see how Bethesda does with load times.  DVD drive, case.  And all the little things to go with it.  The whole setup without a monitor or anything else comes in at under 800 bucks without tax.  What do you guys think?    

On SSD drives you have to ask yourself: Is lowering load times from 5 seconds to 2 seconds worth $250? Well, is it, punk? :-)
 
For me, no.

Sounds good to me, but maybe think about getting yourself a ~$30 CPU cooler, mainly because I'm always a bit iffy about stock coolers and you can't really do any wrong by playing safe.

" On SSD drives you have to ask yourself: Is lowering load times from 5 seconds to 2 seconds worth $250? Well, is it, punk? :-)  For me, no. "

This is pretty close to what I just built.  It's great for the price range but you may want to consider upping the power supply.  I didn't buy a new one when I did my overhaul but ended up having to pick a 650 up a couple weeks later because it didn't have the juice to keep everything running once I started really taxing it.  That may have been because my old supply was 6 years old though.   

" Sounds good to me, but maybe think about getting yourself a ~$30 CPU cooler, mainly because I'm always a bit iffy about stock coolers and you can't really do any wrong by playing safe. "

Looks good, but invest in a better power supply. 80+ Gold or Silver or at least bronze. A good PSU is a good investment. I'm still using my 5 year old Antec NeoPower, it's quiet and reliable. Corsair and Seasonic are some of the brands that have good PSU's. 
 
Also don't buy a cheap case, a good case can also last many years, I have an Antec P182. I''d recommend Antec or Silverstone. A good case will cool your equipment better, keep more dust away from the inside, dampen the noise from the computer, make installation easier etc.

Also pretty close to what I just ordered and should hopefully be building tomorrow if it shows up.  Your US prices kick my UK prices' ass.
 
You should get a better PSU though - you're right on the minimum recommended by Nvidia for this card.  PSU isn't something you want to skimp on, it just isn't worth it.

+1 on different PS.  650W+, its worth it for the little bit more you pay, and get a good name brand for that.  The rest of the internals you chose look similar to my build from January aside from a different video card, inexpensive and a nice running machine.

Yeah, as above I would recommend upping the power supply. 500W will only ever be good enough for 1 card (and even then certain high end cards push it). 750 or 850 should do nicely.