Well i'm back up and running. Kinda...
Turns out it was not the motherboard, but the PSU. It threw me for a loop, because I could hot jump the PSU and it would power up fine. But if I ran it through the motherboard I got nothing which is why I suspected the motherboard.
So I get the premium, gut my system and get the same thing. So now I am running the premium, one 6600gt and the two raptors on the 460w PSU that came in the Alienware. It's a 20 pin PSU so I am only running the essentials. No CD-ROM, Extra hard drives, etc. My Alien Eyes don't even glow because they are plugged into the dead PSU

The Alienware PSU is sitting next to the system so it looks pretty frankensienish. I have yet to decide exactly what I am going to keep and what I will sell / return. But I am leaning towards keeping the Premium as it is a hassle tearing out the watercooling everytime I want to make a change or something goes wrong. I'll put up pics once I get everything up and running.