EDIT: Adding solution here.
So it took me three days of calling Asus phone support to finally be connected to someone competent enough to know what the hell he's talking about. First let me say what exactly was going wrong so anyone else doing this knows this is the same problem and therefore same solution.
Asus is expecting most people will be upgrading from Sandy Bridge-e to Ivy Bridge-e. Therefore the update to make the motherboard compatible with the new CPU would be easy to apply simply by updating the board with SB-E, then switching in your IB-E. However, for anyone such as myself who buys both the motherboard and IB-E brand new, we run into a bit of a problem. The BIOS updates used to be in .ROM format, however when Windows 8 came out they switched it to .CAP. In order to flash update the BIOS to update 4403, which makes the board compatible with IB-E, you need to convert the BIOS first. However, unlike the updates, you can NOT convert with flash BIOS update using only a power supply. Why? Because the system needs to reboot twice in order for the entire conversion process to work properly. And in order for your system to be able to reboot itself, it needs a CPU and one stick of RAM. In other words if you get IB-E and a brand new board that needs an update in order to be compatible with IB-E, you're screwed. Unless you know someone with a SB-E CPU that you can borrow from.
HERE IS THE SOLUTION: Without having to send your board in for RMA and waiting weeks for it's return, all you need to do is visit estore.asus.com and you can buy the BIOS chip with the latest update already on it! Yes, it's that simple. And it took me talking to easily 10 or so people for one of them to tell me this. That's all it takes. They grab a BIOS chip from their stock, plug it into their own board, put the latest update (or any update you desire) on it, and then send it off to you. Once you receive it, you can easily pull the 8-pin chip right out of your motherboard and put in the new one, and you'll be good to go.
So there you have it! Unfortunately that's the only way to go about this problem as of now, the only other way would be if Asus released update 4403 in a .ROM format so our BIOS could actually update from it. If you are intending on getting IB-E and not one of the 2 new boards that are already compatible, get your retailer to update it for you before you buy it!
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[Original Post]
Here is the build:
http://ca.pcpartpicker.com/user/794/saved/2gbWI've done the flash bios update for the 4930k to be compatible. Put everything together, wasn't getting a signal to my monitor, narrowed it down to seeing code 00 and the CPU LED being red. Also, the BIOS1_LED is yellow. (EDIT: Figured out that's just showing which bios is selected.) Took it all out the case and everything apart, redid everything on a cardboard box and got the same results.
I called Asus and they said that it may be a faulty BIOS, and they are sending me a new board. However, I want to explore as many options as I can to see if I can get it working before they send the new one.