Well it is not only the motherboard apparently; I took the CPU and tried in another system with a Intel board D945GTP and it didn't work.
Also just for grins, I tried another CPU in the ASUS board and it didn't work so it is the board and the CPU that crapped out at the same time.
Just to be on the safe side when I get the board back and another CPU (which I will have to buy since the one that crapped out is out of warranty) I am getting a new power supply too, at least a 650 Watt
ASUS Maximus V Gene MB
Windows 8 X64; Windows 7 X64; Windows 7 X86
16GB Corsair Vengeance Ram
eVGA GeForce GTX 550 TI
Corsair GS700 PS
1TB Seagate SATA 6.0Gb HD