Biostar is not in the 4 best brands of Asus, Asrock, Gigabyte, MSI, but the 990X core logic is good and recent. The FX-8350 is compatible and the GTX 650 Ti is compatible. You will need a power supply with at least one 6-pin PCIe auxiliary connector.
Note that only up to 4 cores are used in gaming so far and no way to know when/if they will design games that use more cores. The FX-8350 is a good Video edit CPU, and also may be helpful in keeping the frames per second up in recording video of gaming since that process may use more cores. Here is a gaming CPU hierarchy: http://www.tomshardware.com/reviews/gami... With a 125W CPU, 85 watt GPU, estimating 60 watts of fans and disk drives, you have a 270W maximum load on 12V, and should target 337 watts for a single rail 12V (one +12V) or 28A minimum as a single rail.
More in split rail PSUs.
Yes the motherboard will work but not a good motherboard for that processor , it has a good chipset but biostar motherboards have temp related problems and boot errors , it's best to get a asus or gigabyte.
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