PSU is ample for that machine. I'm running a 340W Chieftec w/ Athlon IIx4 95W, 3 GB, 4 HDDs, GTS450 (106W) + some PCI cards -- full load (synthetic) on GPU and CPU makes the PSU buzz a little but the system's stable.
Now that you seem to have found the problem: didn't you try with disable sound before? :elvis: