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Wagram said:
no watercooling? hmm, i don't think i would want to put an r9 290x into a pc without water cooling lol.

No, it won't. The R9 290X uses only a few watts more than the GTX 690 and they weren't spontaneously combusting without watercooling, you'll be fine if your case is adequately ventilated (ie at least 2 ~12 cm fans not including your PSU fan). 

I'd second a i7-4770k rather than i5-4670k just for future proofing, with the current consoles games will start to get optimised for 8 cores so it'll benefit you later on.