Great news guys
, I put everything together (expect the **** molex connector for the three big fans, thing was too short and I'm going to get an extension soon). Connected the power, turned the switch on the PSU, took a deep breath and pressed the button. Presto, it worked.
Everything seemed to be good, fans (that were connected) were working great. No weird noises were being made. LED light was on on my motherboard. Everything seemed to be going well. Granted i turned it off soon after because i just wanted to make sure the thing worked before i started to work on the BIOS and what not.
All in all, thanks everyone for their help, these forums have been an invaluable resource for me.
Also, Diverdan, i will definitely get a better graphics card within six months. My gaming needs are not ridiculous right now and I wanted to keep the price low so i was ok with that graphics card. I will get a better one definitely.