Corsair 850TX v2 is better for the same price, but this is certainly a good showing from NZXT. Perhaps if someone catches this on sale, it could be a real bargain.
OTOH, it is modular, whereas the Corsair unit is not. Pros and cons, I suppose.
If by "basic system build" we mean an eight core CPU, a few drives and a pair of Radeon 7970's?
For the 850 size, sure. They will be marketing other sizes for lower-end build. This is still a gaming/enthusiast part, rather than for "budget" builds, but I care about longevity and product quality more than saving $25-50 initially.
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OTOH, it is modular, whereas the Corsair unit is not. Pros and cons, I suppose.