350w is very, very low for a gaming rig. ( I didn't even know you could buy that low for example).
The era of the server-size tower and noisy fans is beginning to close, and AMD's Llano series is foreshadowing the coming changes. PCs are getting less massive, most of the components are being downsized, and there are currently many HTPC enthusiasts building entertainment systems around PCs disguised as stereo components, not towers, with passively cooled GPUs and PSUs. Those will happily run with 300 watt power supplies. For the most part, the Low End and Mainstream Gaming GPU cards will eventually fade away, leaving only the High End enthusiast parts, but at even more costly price points than today.
Many game players will stop upgrading their old "big" PCs and choose to be satisfied with the Medium Level image quality and speeds offered by the combined processor cores and graphics cores in one chip that AMD calls an "APU", and that Intel hasn't made a really competitive version of up to now.
Some will convert to the equivalent of gaming on a Tablet (which is where nVIDIA will be), and there's going to be a battle there between X64, ARM, (and what the heck is inside of an iPad?) ~ ~ I'm having a memory slippage ~ ~ not enough coffee yet!
P. S. Several hours later, I'm remembering that Apple builds a licensed copy of an ARM processor themselves.