Depending on the beep code it could be a bad video card as well. Similar would happen, and you wouldn't know it. Because of the video card is bad it would halt any startup as well.
Hmmm if you were ocing, have you smelled anything hot for example something that smelled like burning plastic coming from the pc?
It might not be the CPU, from what I remember, since I had one go bad loooong long ago, the computer would turn on, then almost immediately after going to post would turn off on its own. Or just not power on at all.
Do the disk drives and what not start to initialize if the pc is left turned on, HDD's and Optical drives?
Check to see that the CPU heatsink/Fan are properly seated. (recently had the plastic thing around the socket break on his AM2 system, thank god the cpu didn't fry itself. The little nub that the metal pressure clip locks onto had broken off)
...Check to make sure the RAM sticks are properly seated. Basically just pull them out, make sure there isn't any damage to them, and re install them. Thats another thing that will cause a PC to not POST or show picture on the monitor. Perhaps the Ram could of been jolted loose somehow?
If you have another monitor available try that out first, just to get that out of the way.
Generally if the cpu goes bad, you'll notice a lot of instability before that happens. If you were OCing, try and reset the BIOS back to factory settings by doing the normal clear cmos steps.