Look into the MSI's K8N Neo4 Platinum $129.50
. It's quite more expensive but a very reliable board with outstanding reviews.
Well, if you're doing overclocking but not that much, the MSI may be your better choice. It doesn't overclock an oustanding degree, but it is very easy to do.
My cousin own a DFI motherboard. It has an incredible amount of overclocking options, but can get very confusing if you're an OC'ing newbie like me. Unless you plan to throw in some water cooling and do some serious overclocking, you may just end up confusing yourself.
I would stick with the MSI K8N Neo4 Platinum I posted above. I couldn't be more satisfied with it (though I couldn't seem to find where to change my multiplier).
As far as your GPU, if you aren't a serious gamer and you don't need a gigantic GPU, then maybe you can save money and tone down the other parts.