The point that we both agree on is, "[The CPU] doesn't make as big a difference as an equal amount spent on a GPU". What we don't agree on is your straw man argument that "While many of the posts above suggest the 3770k doesn't make a difference in gaming, that is not true." Nobody is saying that the i7 3770 isn't faster. In fact, in direct contradiction to your premise, several people have pointed out that it is faster.
What we are saying is that in a world of finite budgets, you are better off spending money on the GPU before the CPU.
This is a misleading argument on two fronts.
1. You're making an assumption that the only difference between the 1366 and 1155 platforms is that one has HyperThreading and the other doesn't. This is absolutely false. There are tons of other platform differences that can account for the performance differential such as amount of cache, amount of memory bandwidth, etc. Additionally characterizing a 17.5% difference in average framerate as a "big difference" is somewhat misleading, especially given the cost.
2. The cost difference between an i5 750 1156 system and an i7 920 1366 system was certainly NOT $100. You have to look at the total platform cost, which would be more like $200.