No beeps, no pwr to drives, no video - Bad Motherboard?

I have a new Motherboard, Processor and Ram. I installed everything and when I power on I get no beeps.

Here is what I do get:
I get power to the Processor fan which is plugged into the mother board.
I get power to a case fan which is plugged into the PSU
I get Power LED on the front of the case

What I don't get:
No power to drives, none of them spin up
No beeps at all (under any configuration)
No LEDs on motherboard
Processor never gets warm to the touch

I have tried a second new PSU, same results. I have tried removing the board from the case and have removed each component and tried each combination of components, all with the same results, no beeps. Components I have removed and tried in every combo:
-Video Card (PCI-x)
-Processor
-RAM (new 1 Gig stick) (I have not tried a second RAM stick as I do not have one, but I got the same results with no RAM, no beeps)
Speaker (unplugged vs plugged in)
Drives (with and with power and/or IDE cable)

I believe this is a bad Motherboard. Am I correct? Am I crazy? Is it space aliens? Could it be the Processor as well, or RAM which I doubt since I got no beeps without the RAM?

My equip:
Motherboard - Biostar nForce TF520-AM2
Processor - AMD X2 64 3800+
Ram - 1 Gig DDR2 800