700W crappy psu maybe...
my main rig runs off a 510W power supply... arguably the best 510W psu ever made, but here's what i power:
170 @ 1.69v (socket) --> wattage consumption of cpu @ load estimated at 244W
2x 7800GT overvolted from 1.4v to 1.712v gpu and 2.08v gddr to 2.35v
4x sata
1x ide
7x high performance 120mm
5x high performance 92mm
3x dual ccfl
1x dvdrw
1x cdrw
1x Laing D5 pump
1x sb audigy 2zs
now, if you put all that into the psu calculator it comes to quite a lot, but when i measured it with a power monitor (
here) i found the AC wattage consumption to be 537 W... but it was soon pointed out that with the 0.75 efficiency rating of the psu, that translates to a rather more modest 402 W at the DC side of things (albeit not with all my fans and optical drives connected) and this is the actual wattage consumption of the computer, the psu is using/wasting 25% of the AC to convert the power
my point is, your psu sucks because it's a crap psu, not because the wattage rating is insufficient... if a *decent* 510 W psu can power my rig, it could certainly power a single core venice, single gpu rig running at lower voltages...