[Build Help] First timer seeking advice.

PCPartPicker part list / Price breakdown by merchant / Benchmarks Type|Item|Price :----|:----|:---- CPU | Intel Core i3-550 3.2GHz Dual-Core Processor | $99.99 @ SuperBiiz CPU Cooler | Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler | $33.50 @ NCIX US Motherboard | Intel DH55PJ Micro ATX LGA1156 Motherboard | $69.98 @ Newegg Memory | GeIL Pristine 8GB (2 x 4GB) DDR3-1333 Memory | $39.99 @ Newegg Hard Drive | Seagate Barracuda ES 750GB 3.5" 7200RPM Internal Hard Drive | $62.05 @ Newegg Video Card | Sapphire Radeon HD 7750 1GB Video Card | $109.98 @ Newegg Case | Antec Two Hundred(v2) ATX Mid Tower Case | $49.99 @ SuperBiiz Power Supply | XFX 550W ATX12V / EPS12V Power Supply | $67.88 @ Amazon Optical Drive | Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer | $21.98 @ Newegg Operating System | Microsoft Windows 7 Home Premium SP1 (64-bit) | $98.99 @ B&H | | Total | Prices include shipping and discounts when available. | $654.33

As previously stated, I am a noob about this info. I was wondering, are there some ways to reduce the cost that does now effect how it performs too badly? Also, do this look good for gaming? Advice/ Constructive criticism is welcome. Thanks.