Like just about everyone else...no.
A large power supply will only release the amount of power that the computer needs, and nothing more.
In fact, having a larger more powerful PSU is better.
- System will run cooler overall due to the PSU not being stressed.
- Gives more room for future updates.
- Can be more efficient due to the load not being overbearing.
Although, do this within reason. No need to buy a 1.2 kilowatt power supply if all you have is a mid-range processor, one mid-range graphics card, one optical drive, one hard drive, and maybe a discrete sound card.
At this point in time...if you are a just a mainstream computer user 650-750 watts is good enough. 750 will give you more than enough breathing room.
750-850 watts for an enthusiast gamer
900+ "Goin' critical HARDKORE!!"