First PC boxing rig...can you help identify bottlenecks?

[MiRai]

I was under the impression that the 4770K Quad Core was an LGA1150 chipset? Would that not be compatible with the P9X79 as it is a socket 2011?

Right, and I asked questions trying to find out why you wanted to go with X79 (2011) when it's cheaper to go with Z87 (1150) if you're not going to use X79's features -- Especially if you're only using a quad-core CPU. You answered this at the end of your post...

I'd like to have a motherboard that allows for upgrade in the future? Thats why I was going for the bigger motherboard so I can upgrade the ram later on.

...and that's what I was trying to figure out.

The X79 chipset gives you access to hexa-core CPUs and more than 32GB of RAM. It also gives you 40 PCIe lanes, but I doubt that's a selling point unless you're running more than two GPUs (for the most part).

So, if you're going to stick with X79 then I'm going to highly recommend that you try and re-arrange your budget so that you can afford a 4930K with the initial purchase. Not only because swapping out CPUs kinda sucks, but if you buy a 4820K for $330 now and then buy a 4930K for $560 later, you're essentially spending ~$900 in total; and I doubt you're going to make any money back on the 4820K because people typically go with X79 only to gain access to hexa-core chips (and X99 is supposed to come out later this year anyway).

If you ever expect to use more than 32GB of RAM then X79 is a must, but just make sure that when you upgrade the RAM at a later time that it is absolutely identical RAM because I've heard a lot of bad stories about people having trouble with mismatched RAM using X79's quad-channel setup.

Would you suggest going with the 4770K and maybe an Asus Maximum VI Extreme Socket 1150?

Sure, I guess, but isn't that motherboard ~$150 more than the X79 motherboard you've chosen? I was originally suggesting 1150 so that you could save money. >_>

I also think the motherboard you originally chose for the X79 build is EOL.