The motherboard may be having problems with that memory - the specs say it supports only up to DDR2 1200 - not 1600 - and it might be having problems stepping it down.
First I would try running it with only one stick - often a system will work with only one stick even if settings are not right. Also check the memory and what voltages it requires for different levels - you might need to adjust it.
If you get it to boot with one stick - run CPU-Z (free tool) and see what it reports for the actual memory stats and the SPID or alternative settings for the memory.http://www.cpuid.com/cpuz.php
You might also run memtest (another free tool) to see what it reports - you can do this even if it does not boot. You should run this to test memory on a new build even if you have no apparent problems.http://www.memtest.org/
Running 10 passes will give you a ood idea if their are memory problems. If it reports no errors, then you should run it overnight - for 8 hours or so - to confirm it is stable. Stable means absolutely no errors in 8 hours.
A Corsair expert (company tech rep I think) regularly haunts this forum - hopefully he will see this and add some words of wisdom. Regretably I cannot remember his name.