Well, I tried what you suggested but it still didn't work... Took the board back, installed the new one (first release bios) and it all works like a charm. Not a single hitch. A few notes..
When you go into the bios the card is detected and shows up under the ram info (not sure exactly what it's called) It didn't do that before.
Also I noticed that it properly detected my ram.. I didn't have to manually set the voltage.
It must have just been a bad board. These things happen when your dealing with electronics afterall. Oh well. All fixed and running well! Thanks for the quick replies Raja.