• Asus Rampage Extreme IV
  
• Intel Hex Core i7 3.2ghz 3930k
  
• 16GB Corsair Dominator DDR3 2133 4x4 GB
  
• Thermaltake Toughpower 1500W 80PLUS Silver PSU
  
• Thermaltake Level 10 GTS LCS (BigWater 860 CPU water cooling)
  
• Corsair Force GT 240GB SSD SATA 3 (Two of these)
  
• EVGA 460 2GB (SLI'ed)
  
• EVGA 460 2GB (SLI'ed)
  

So I fixed the problem with the system defaulting to the 1200mhz no matter what the BIOS was set to...I can't believe I didnt catch this earlier...please dont laugh at me 😄
Solution: Flashed the BIOS to the latest 3930K update ( http://support.asus.com/cpusupport/list.aspx?SLanguage=en&p=1&m=Rampage IV Extreme&hashedid=r7FZemJak3vMbWHg)

Moving forward with a solid overclock,
I have been reading A LOT about voltages and temps and so forth and have really been getting mixed opinions. I've read that going 1.4+ can shorten the lifespan of the CPU and that I should be using a Offset, and all kinds of things. To a rookie overclocker, all this information has been pretty overwhelming.

I have my system set to the "Gamers OC" profile with my memory set to X.M.P-> Profile #1 (DDR3-2133 9-11-10-27-2N-1.50v-1.30v) and Rampage Tweak -> Mode 2

Should I use these settings and start stress testing under full load to get temps and such and then modify the overclock from there? How do I know where to start tweaking? Sorry to be such a noob, I am really trying to wrap my head around all of this to get a good solid overclock to take advantage of the nice water CPU cooler that I have but without damaging my chip and shortening its lifespan.

Well looks like I lied about fixing the original issue by flashing the BIOS to version 1305. Since the flash I have tried "Normal OC", "Gamers OC", and system defaults and I am still getting the x12 multiplier in Windows.

Using my OC KEY, it shows that I have my OC settings all the way up till I get into windows. For example, under the "Gamers OC" profile its clocked to x47 multiplier putting me at 4.7ghz, MY OC KEY shows this information during the whole boot phase until I get logged into windows, then it just show x12 / 1200mhz and does not change under full load. I have been using CPU-Z, OCCT, and burn test and they reflect the same information.

Why cant I get my system to at least run the defaults of this chip at 3.2ghz?

/Smashing face into keyboard repeatedly

Still cannot get the system to boot into any settings except the x12 clock. Any assistance would be greatly appreciated. I can also take screenies of my BIOS, CPU-Z, OCCT, or anything else that would be helpful.

Pressing F5 for optimized defaults.

Still loads into Win 7 at x12.

Should I RMA my board?

The Nemisis,
First off I want to say and share with everyone else how much of a badass you are and that I really appreciate you time and consideration in working with me on this issue, you're one super cool dude.

On the extreme Tweaker Page, under DRAM Voltage, what is yours set to, its in yellow and I cannot see it in the pic?

Since I am enabling XMP and profile 1 for my memory, under the Dram Timing Control Page, should I leave the Mode to Auto or set to Mode 1 or Mode 2?

Under DIGI+ power control, it shows your CPU Current Capatability set to 180% in black color, when I set mine to 180% it shows red, does that matter?

Just for learning purposes, can you explain the reasoning for disabling Xtreme Tweaking?
Why enable Intel speed step, I thought it changes the overclock of your system?
Why enable turbo mode, I though it could cause instability?

Sorry for all the questions, I am not questioning your setup in any way and I am making those changes now, I am just asking these questions to learn and hopefully have a better understanding of overclocking as a whole so maybe I can help people out on this forum in the future.

Also The Nemisis,
Are you running the exact same setup as me? Same CPU, board, and memory?

Will follow up shortly to let everyone know how those changes worked.