As for the PSU, the 450W is 80% efficient and made by Corsair, google that and you will be pleased by the reults.
As for 450W being low..
This system, at 90% peak load, pulls 221W.
With the CPU overclocked to 3.6GHz, which hasn't been done, it draws 246W (not sure how he knows the load when it hasnt been done).
Check here for a proper valuation of power supply needs.
http://extreme.outervision.com/psucalculatorlite.jsp
http://thermaltake.outervision.com/
At 50% load it draws 91W.
This system was built to be energy efficient and extremely powerful.
Everything you need to know about PSUs
http://www.hardwaresecrets.com/article/181/1
As for games, i have played GTA4 Resident Evil 5 Bad Company 2 Metro 2011 Dragon Age Origins and all Call of Duty's all on full, no lags.