I was about to buy that CPU but went with the i5-4690K Devil's Canyon instead. Reviews suggest it overclocks very well and is plenty fast for gaming. About $100 cheaper than the i7 too.
I have this CPU and I am in love with it. I have overclocked to a stable 4.7 GHz and I'm really not anxious to go any higher since I'm not sure my H100i will be able to handle the heat even with it set up in a push/pull config. Do I suggest this CPU, yes, but for most I suggest the i5-4690K since most people don't need hyper-threading