do you really need the blu-ray burner?
if you just wanna watch b-r movies, you could get this for half the price.
Newegg.com - LITE-ON Black 8X BD-ROM 16X DVD-ROM 48X CD-ROM SATA Internal Blu-ray Disc Combo Model iHES208-08 LightScribe Support
if you wanna save some money on the cpu, you could get the 955 instead and save 15 bucks
Newegg.com - AMD Phenom II X4 955 Black Edition Deneb 3.2GHz 4 x 512KB L2 Cache 6MB L3 Cache Socket AM3 125W Quad-Core Processor HDZ955FBGMBOX
the 955 and 965 are the same, the 965 just has a bumped up multiplier to achieve the small increase in clock speed. you can do this yourself at no extra charge.
switch to this psu instead atleast.
Newegg.com - Antec NEO ECO 400C 400W Continuous Power ATX12V 2.3 / EPS12V 80 PLUS Certified Active PFC Power Supply
if you think you might want to add a second card later on, you should step up your psu though. with the promo codes and rebates these two offer, these would do at a good price.
Newegg.com - Antec EarthWatts EA650 650W Continuous Power ATX12V Ver.2.2 / EPS12V version 2.91 SLI Certified CrossFire Ready 80 PLUS Certified Active PFC "compatible with Core i7/Core i5" Power Supply
Newegg.com - OCZ ModXStream Pro OCZ600MXSP 600W ATX12V V2.2 / EPS12V SLI Certified CrossFire Ready 80 PLUS Certified Modular Active PFC Power Supply compatible with core i7
this board is a buck cheaper and is also good, even cheaper after the rebate.
Newegg.com - ASUS M4A79XTD EVO AM3 AMD 790X ATX AMD Motherboard
what do you plan to use this rig for? usually 4gigs of ram is enough for most people, i see you have 8gigs listed though. i would just get a kit like this.
Newegg.com - G.SKILL Ripjaws Series 4GB (2 x 2GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Desktop Memory Model F3-12800CL9D-4GBRL
if it's really not enough you can always add more later.
regarding your question about the ssd; if you mean replace the hdd with an ssd, no. probably the most popular setup is an ssd for the OS/programs alongside an hdd for storage.
ssd's can still cost quite a bit though.
Newegg.com - Corsair Nova Series CSSD-V64GB2-BRKT 2.5" 64GB SATA II MLC Internal Solid State Drive (SSD)
you could get this as your main drive, and keep the 500gb you have listed as the storage drive.