Nice starter rig although I'm not crazy about the case and power supply. A good power supply can make or break a rig. For the interim though, you shouldn't have problems, but would be high on my upgrade list. You can't go wring with anything from Antec, Corsair, Rosewill, OCZ, or Cooler Master. Read the reviews on Newegg, they're very helpful.
Biostar makes a nice board and I've always had some good experiences with them. That board is a little no frills and if you want to do some upgrading, I would get something that has more features. If you want more than 8GB of RAM, you will need to change out the board. You could spend a couple of extra bucks and get an AM3+ board.
Something like this:
Newegg.com - ASUS M5A88-M AM3+ AMD 880G HDMI SATA 6Gb/s USB 3.0 Micro ATX AMD Motherboard
Or if you don't want the onboard video you can go with:
Newegg.com - GIGABYTE GA-970A-D3 AM3+ AMD 970 SATA 6Gb/s USB 3.0 ATX AMD Motherboard
This is the board I'm currently using by the way.
This will save you upgrade expense in the future.
Other than that, everything is pretty solid. I've always liked G.Skill memory. I have the Ripjaws series in my machine. I think this rig will make you pretty happy.