you gpu temps are still fine for the 4850 so if you can't change much in the airflow i wouldn't worry about it.
but, fwiw, i use to run a ea380 psu w/ my rig - e2160@3GHz, 3GB ddr2-667, 4850 @ 700/1150, 1x15k scsi, 1x 7.2k sata, 1x dvd-rw on a p35 based gigabyte board and my kill-a-watt recorded over 300W pull from the wall. i started to have stability issues so i found a deal on a ea650 (imho too much but the price was right) and now i am actually pulling less from the wall and the machine is much more stable. before the psu wap i was ~620/1050 on the 4850, so the 380 may be contributing to the issue. i am not a fan of "over psuing" but for the $$ i paid for the ea650 i couldn't pass it up, would have rather gone for a 500 or so and was actually surprised that the ea380 had issues, but those are my real world results.
also, have you done any firmware update to the 4850 for heat? i know the one i had had the fan issue so it didn't come on until 69C, after i modded the 4850 firmware and set it the way i like. i personally liked this over the different profile so now the fan is still dynamic the way it is suppose to be and runs ~40% most of the time, when gaming it will run higher to about 70C or so but it is much better than before.