You're sure the monitor is ok ? You said the 295 did die on you, you're sure it was the gpu and not the monitor ?
Yup, that's my mobo, and yea, as per ASUS they said that my GTX295 is dead, so they are willing to refund me some $ (since it is still in warranty).
Furthermore I belive my monitor is fine, since I use it to play my PS3 (HDMI), and after my GTX295 died, a friend of mine lent me his GTX560 which worked fine...
Regarding the light I've mentioned... you know when you plug-in the PCI-e power connectors, the display cards has a light coming out from it? mine is red..