Not that really great of a deal, no GPU, non-K processor and they still bundle a cooler which isn't really necessary unless overclocking, and 16GB of RAM is kind of overkill for most people.
The bundle has a savings of $56 which if you got rid of the $40 cooler (looks like a 212Evo knockoff) you would be saving $16.
The problem with these combo deals is that most serious PC builders would not trust cheap PSUs, would be unsatisfied with cheap cases, and wouldn't see the point of pairing a non-K processor with a Z77 mobo.
This might be alright as a basic starter build and it works, but it's not optimal.
PCPartPicker part list / Price breakdown by merchant / Benchmarks
Difference between CPUs is .2GHz. The 3470 is $185 on Amazon.
I actually like the motherboard choice as it has some solid features including SLI/crossfire support, and it comes with 8gb of free ram.
Much better case, too many reasons to list why. Also the 430w PSU is probably going to be better than the 500w that's bundled with their case.
Above build is $475 when bought online. That's >$100 savings that you can put towards getting a better video card.
Commenting to save.
For what it's worth, I put together a very similar build along reallynotnick's suggestions.
My friend got this for a first build with no intention of overclocking. It seemed about average as a deal until he got it in and it had 24Gb of ram rather than 16. Came with an 8Gb corsair stick with a heat sink.
A community for links to products that are on sale at various websites. Monitors, cables, processors, video cards, fans, cooling, cases, accessories, anything for a PC build.