(Assuming that a power supply doesn't always use the power its capacity is noted as, and that the more you plug into a computer, the more power she'll use up...)
Do you have lots of extras inside the machine? 2 optical drives, all 4 hard drives, extra PCI-Express cards? Hard drives will suck 10-20 watts a piece, I'm not sure about optical (if they suck any power when not in use... above a watt?), and it certainly depends on which graphic(s) card you have, and other PCI-Express cards.
How about other little extras that need power, do you have wi-fi going all the time, bluetooth on and "discoverable", and do you have any usb bus powered or firewire bus powered devices connected?