Is this budget cpu / mobo viable?

[Rumourmill]

Just wondering if the following processor and mobo is sufficient for a budget HTPC rig.

If i decide to do any gaming in the future I'll pick up a mid-tier GPU but this is not a priority at the momen. Am I able to stream HD videos with 7.1 surround to my tv, through my receiver, without needing a GPU using the below?

I'm pretty sure I can, via assassin's guides, but just want to make sure.

$69.99 after PM
[FONT=Verdana, Arial, Helvetica, sans-serif]Intel Pentium Dual Core G860 Processor LGA1155 3.0GHZ 3MB
http://www.ncix.com/products/?sku=72280

[/FONT]
$89.99 after price match and MIR
[FONT=Verdana, Arial, Helvetica, sans-serif] ASRock Z77 Pro 3 ATX LGA1155 DDR3 CrossFireX 2PCI-E16 1PCI-E1 2PCI SATA3 HDMI USB3.0 Motherboard [/FONT]
http://www.ncix.com/products/?sku=70901&promoid=1230

I'm hoping that I'll be able to keep this mobo for a while as I make upgrades in the future.
I'll be using a mid tower case.

Thanks for your help!

 

[ecosmartpc]

If you're not overclocking you don't *need* a Z77 but if the price is right/better than H77 it all look good to me.

 

[Mfusick]

Looks great to me.

If you didn't buy yet might be a good Black Friday deal.