How are my specs and what games can i likely run on max?

I'll just take that Nvidia card off your hands...you don't really need it anyways... :D

You'll be able to play Minecraft on medium graphics, maybe even high if you're lucky.

Motherboard?

Sorry bro you can only run Zork but in lowest settings.

There will be time when you will cry that u have gtx560...

You can run everything maxed except for games like Metro 2033, Aliens VS Predator, Crysis 2, Battlefield 3, Batman Arkham City. You'll run those gams at >30 frames per second but you might not mind (consoles run at 30 frames). Everything else you'll end up running at 50+ FPS and even +120fps in games like WoW. Those are for maxed out settings. You could turn off anti aliasing or special lighting effects to boost your frames by a lot. Either way who built your computer for you? If you would have gotten a 2600k or a 2500k, you could have bought a brand new GTX 680 (2700K gives no real benefit over a 2600K and a 2600k doesn't give any benefit over a 2500k in gaming). Also liquid cooling? Could have saved even more money there for some SSDs.

Sorry, but what's the point on spending so much money on that PC, if you don't even know what you can or can't do with it?

HEY WHOA GUYS CAN THIS REALLY GOOD COMPUTER RUN SOME GAMES MAXED OUT COMMENTS ETC.

This feels like a "check out my rig dudes" in disguise.

Also a gtx 560ti is pretty damn close to top of the line right now, ignore the guy above me, you'll be able to run everything at max settings for the next couple years at least.

So you bought a CyberPower Fang III GLC1402 a 1,400$ PC and just to say, I think nearly everyone of those buying a prebuilt PC don't know a lot about hardware.
And just to repeat what everyone said already, you can/nearly can play every single game on max with 16xAA,... and now stop thinking about what it could do and just try it out ;)