I have the i3 530 2.93ghz and am using an evga dual dvi video card. The processor says that has Intel Graphics Technology.
I bought the board for the price, no intentions to use the integrated video card. I actually bought enough parts for four workstations and built three since posting this thread.
Each computer started right up with no problems.
So, to revise my original question, how do I determine which part is bad? My gut instinct tells me I have a bad motherboard, but I'm not 100% certain.