Hypothetical build?

[Jackgamer91]

So right now I basically have a bunch of spare computers and parts lying around which I used to use but were replaced by my current i7 computer. 

 

I am looking into building an m-ITX console-PC down the road for under $400 which can match or surpass the Playstation 4 for my living room gaming. 

 

So here are my options: 

 

Intel Core i5 4570 Haswell Processor LGA1150 ($220) 

MSI m-ITX LGA1150 Motherboard ($70) 

Cooler Master Elite 120 Chassis ($44)

Some 550W Watt Power supply (~$50 to $70). 

4 GB RAM (I already have- may upgrade) 

1 TB HDD 7200 RPM (I already have) 

GTX 680 2 GB (I already have) 

 

Either this, OR

 

AMD FX 8350 ($199) 

Micro-Atx AM3+ ($70-80) 

And a micro-Atx case ($50-$100). 

 

Which option is better paired with the options I have? 

 

[Jerakl]

@Bubblewhale

FX platform is becoming obsolete and beginning to lack newer features.

[EMENCII]

Why not the i5 4690?

[Jackgamer91]

Why not the i5 4690?

Trying to keep cost under $400 but I looked it up and it seems to be worth the increased price.