Hi,
As in answer 1, make sure that you do not have a large standoff or extra standoff that is touching the bottom of the board.
You do NOT want to have the motherboard fully insulated from the chassis. But you do not want any circuit traces other than the ground lines connected to the chassis.
Even though you are confidant that the power supply is good, I would try a different supply.
What about the RAM?
Many a time I have had to change out RAM that just would not work with a specific motherboard.
The video card is another item to swap out.
I have several systems where the motherboard supports 4X AGP, but you can only access the 4X mode if you first power up in 1X or 2X mode. Many 4X and 8X cards do not support the older slower modes.
From here, the only thing left to do is to inspect the filter caps on the motherboard and make sure that they are not bulging or leaking. The failure mode for the numerous lots of bad filter caps that have been used in motherboards is not immediate. In fact, letting a working motherboard set for a period of time can trigger capacitor failure.
Chas