Thanks for the reply.
When i said "do nothing" i meant that it sits as if i had not pressed the power button. No fans, no sounds, no HD movement, nothing.
When it finally does turn on it does boot normally, correct bios screens, etc. There is just a huge lag between when i press the button and when it finally boots.
My initial thought was that it was a Power Supply issues, but i wanted to see if anyone had ever even heard of this problem before i went out getting new hardware. I also dont want to spend the money right now.