That should be ok, as long as the Sandybridge issues have been resolved on that board, and I think they all have been.
The only things I would change...
Go with the i5 or even i7 processor
And I would up the PSU to 650W minimum. The reason is, if you decide to add more HDD's, a Video Card, and many USB devices (such as External Drives), your gonna run into issues with power.
The RAM should be good for now, depending on how much rendering you really do.
If it is just novice stuff, 4G is plenty.