i7 930 vs i5 760 - Computer Build

I am building a new computer rig and originally selected the build:

Motherboard: GIGABYTE GA-X58A-UD3R LGA 1366 Intel X58 SATA 6Gb/s USB 3.0 ATX Intel Motherboard

CPU: Intel Core i7-930 Bloomfield 2.8GHz 4 x 256KB L2 Cache 8MB L3 Cache LGA 1366 130W Quad-Core Desktop Processor BX80601930

RAM:ECORSAIR XMS3 6GB (3 x 2GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Desktop Memory Model CMX6GX3M3C1600C7

but now I have been recommended to do the following build for similar performance and a MUCH cheaper price:

Motherboard: GIGABYTE GA-P55A-UD3 LGA 1156 Intel P55 SATA 6Gb/s USB 3.0 ATX Intel Motherboard

CPU: Intel Core i5-760 Lynnfield 2.8GHz 8MB L3 Cache LGA 1156 95W Quad-Core Desktop Processor BX80605I5760

RAM:G.SKILL ECO Series 4GB (2 x 2GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Desktop Memory Model F3-12800CL7D-4GBECO

My question is: Would there be a nuge noticeable performance difference between the two builds?

I would be using a GTX 470 GPU with this, will probably not SLI or cross fire, but still be hoping to play a few of the upcoming games on ULTRA settings. The 2nd build saves me about $350, so I am looking towards you guys for some help.

I vote for Build 2. The main reason being you do not intend to Crossfire or SLi. It's also cheaper as you say, and won't limit you really.

I vote for Build 2. The main reason being you do not intend to Crossfire or SLi. It's also cheaper as you say, and won't limit you really.

jamesfffan

Agreed now if you some how change your mind then go for the first build i have the same board and its pretty decent.