Grimmy,
We are getting away from the original topic of this thread, but I think I see what is happening here.
We need to define what each of us means by "load balancing".
For example, in a three phase primary power system (high powered military electronics for example), you want to try to keep the loads on the separate phases within 10% of each other. The equivalent for a multi-rail PSU would be to try to equalize the loads on the various 12 volt rails.
Unless an EPS connector is sending power from two rails to the motherboard's regulator - it might, I don't know, it doesn't qualify as load balancing just because you are using more wires in a 8 pin cable. Four pairs give you greater current capacity, less voltage drop, more safety, and more redundancy in case of a bad connection, but you still have only a single source and a single destination.
I have a 650 watt Antec TP3 with three 19 amp rails (total 52 amps). You now have me curious enough to see how they are wired for me to open the new box, pull the PSU, and check. Unfortunately, that will have to wait another week because my DMM is at work and I am on a forced vacation.