Upgrading, will this bottleneck?
Well your Phenom is about 1/3rd slower then a 8350 in floating point and the 8350 is about half the speed as Haswell in floating point, so in a CPU bound game like an MMO? The bottleneck will be your CPU big time. In a single player game or an FPS? You won't be as CPU bound, because they are mostly GPU bound. You WILL be CPU bound though. The 8 thread 8350 does very well in BF4 because it uses 8 threads which negates it's floating point. The same should hold true for all newer 8 thread titles. The 8350 will do well.
Here is a 780ti. Granted it's faster then a 770, but you can see how cpu's scale when every thread is used on the chip. Your chip is on there.
The 770 probably will give you around the same FPS since the 780ti is bottlenecked.
If you found a great deal on the card though? A 770 is awesome. You just won't be making the most of it, but you can upgrade the cpu later, or upgrade the cpu now and wait for Nvdia's next series or go with AMD for mantle. Decisions are all yours. ![]()
Keep in mind those are multiplayer benchmarks. Single player your CPU should be quite a bit better because it is working less. Same with single player games.

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