Well folks, based on your feedback on this thread, I have come up with the following for my build. This will be my first build ever so it should be fun. Although, the Micro-ATX form factor might prove to be a bit of a challenge. I didn't know how to export my completed build from PCPartPicker into this forum post so I individually copied every line item separately. Therefore, the reason why there are no hyperlinks.
To recap, main purpose was a budget build to replace my 8 year old computer. I wanted the faster boot time, and the ability to play at low or medium settings, some of the newer games today. For example, "Wolfenstein - New Order".
As always, this is not written in stone. If you see something that is just a glaring mistake on my part, please let me know so that I can make changes before purchasing the parts.
PCPartPicker part list:
http://ca.pcpartpicker.com/p/bgzxbv
CPU: Intel Core i3-4150 3.5GHz Dual-Core Processor ($121.41)
Motherboard: MSI H81M-P33 Micro ATX LGA1150 Motherboard ($44.99)
Memory: Crucial Ballistix Sport 8GB (2 x 4GB) DDR3-1333 Memory ($79.99)
Storage: Seagate 1TB 3.5" 7200RPM Hybrid Internal Hard Drive ($84.99)
Video Card: EVGA GeForce GTX 750 1GB Superclocked Video Card ($119.99)
Case: Antec NSK3180 MicroATX Mid Tower Case w/380W Power Supply ($69.99)
Operating System: Microsoft Windows 8.1 (OEM) (64-bit) ($105.84)
Total: $627.20 Prices include shipping, taxes, and discounts when available
I do have some concerns though. The final price will probably be more in the range of $650 because of the shipping charges. That's how much I would have to pay if I went and got all the parts locally.
The other big concern is that my Big Box store is selling an I7 system with 8gb of DDR3 ram at 1600mhz with everything else being included, except maybe for an inferior graphics card, and the price is about $150 more.
Thanks again for all your feedback. Please comment if you think I need to change a few things.