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You cant even buy a pump at that price. Hell you cant even get a Arctic Freezer Pro 7 heatsink fan from Newegg at that price. BUT it depends on what your goals are and you have not mentioned any specifics. Excellent deal if you want to get into water cooling on a budget.
Gotcha's.
Don't mention you run it unless you can handle the WCing snobs who want you to spend $200+ for a "kit" . Save the $170 and in 50 years at 4% compounded monthly you will have $1,250 which should be enough in 2059 to take the wife out for a nice dinner (no tip).
Not for even one second run the pump dry. If it balks at starting up give it a sharp slap in your hand. (hold pump in one hand and give it a wack with the other hand to jar it free)
The hold down is not spring loaded. This allows you to over-tighten the hold down nuts and crack the block. Buy a Danger Den hold down kit for $8 which includes longer rods and springs you can use with the Tt hold down bracket, You might have to drill/ream out the holes in the Tt bracket just a bit. http://www.dangerden.com/store/product.php?productid=111&cat=42&page=1#tabs
(the picture does not show it but you get springs etc. with it)
One 1x120 rad fine for medium OC of CPU only. If later you want more add the TM-2 2x120 rad and you effectively have the 745 unit and could easily add a gpu block to the loop.
http://www.thermaltakeusa.com/Product.aspx?C=1162&ID=1843
Its easy to install and has everything you need. so the gotcha is that you don't get to spend several weekends figuring out how and where to install it and running back and forth to a hardware store for something you need or forgot.
I get very good performance out of mine. I may have to check my local Radio Shack, mine is 2 years old running 18 hours a day and a spare pump with res is well worth $30. Just a Tt pump runs > $40.
What happens if i just buy some springs? I'll try not to overtighten it. Most people people crank the shit out of the nuts to make sure it's on there I'll try to be a little more gentle.