It will.  I'm not sure what bios will be on it, but downloading the new beta bios and flashing the mb with a sandy cpu definitely made my 3770k work with it.

It's a brand new chip that I got on sale from microcenter, so if it doesn't end up recognizing the memory again and shows the error 55 again, I guess I'll return it for a new one.

Flybye

It is in a bunch of different places here:
What is happening is that since the stock bios does not recognize the Ivy's, it also doesn't recognize the memory controller on the Ivy and code 55 spits out.

I can even duplicate the issue right now, too.  I still have the stock bios on bios #1 & #2.  I've only flashed #3.  If I select #1 or #2, I get code 55, but when I select #3, I start up just fine.

Ah I see, yeah it's a pain.  I have never replaced a bios chip before, so hopefully it all works out in the end once I receive the new chip.

Eh don't kick yourself over it.  I saw the board at a great price and didn't even realize the Sandy only part, either.  I ended up buying the cheapest celery off ebay for like $40.

SMarshall

Yup. I found a Celeron for $50 on newegg. My only concern now are the potential bugs with the latest bios update.  I saw the thread about it's release and a bunch of people complaining about issues. Have you all been having issues after the update too?  Maybe i was just reading the complainers thread.

 
Almost everyone, if not everyone, that bought from newegg during the sale had issues with the bios.

Hey so my bios chip came in, I installed it and now computer runs!  I can get to the bios and everything, now I have a new problem.
 
It says that there is no hard disk detected.  This is a weird situation to me because I am using the same hard drive that I used yesterday and it worked fine in my other build.  Also in the SATA settings, it even shows that the hard drive is being picked up and that I can select to boot from it in the settings.  So my question is, why is it not booting and coming up with this message that its not being detected upon start up?  When windows starts to boot (after the windows come together) it just blue screens and such.  Please help :D

Yeah that's what I thought, thanks!  Guess I will reformat.  What do you mean with it having a problem with the hard disk not being detected?  When I reformat will it still display that message?  And is it a bug where it will still run fine but display that message anyway?

Hey, as long as it boots I will be happy.  Plunked in over $650 for the new build and I really want it to get working haha.  Don't really care about boot time at this point, and maybe they will fix it at a later date.

Not sure about the new BIOS, but the A05 had a setting to disable launching from the OPROM.  Disabling this keeps the system from searching for drives to boot from and will just use your BIOS BOOT settings.

Hi @Flybye , were you able to change your vcore?  I'm using an i5 3570k and the Z68 Sli Micro with R15 Bios.  My Vcore is 1.283 in the Bios but when I check using Eleet or CPU Z after I boot i'm hovering at .88 which seems very low. 

I try to change my Vcore in bios but it only allows a + Offset or - Offset and then I can choose the number to use (not that I know what any of that means).  I can't manually choose a voltage.  I hear about 1.1 is a good voltage for this i5 cpu.  Generally I just leave the voltage as is for now and use the Eleet optimized frequency and bump it up to 4.0 ghz.
 
Not sure if it is worth the possible complications of trying to flash P16.

Well I can't boot up with the new BIOS the factors that may be the issue are I use Intel SSD caching, a Sandy CPU and Windows 8 so...

check to make sure your cpu isn't downclocking itself during the benchmarks, almost acts like turbo boost is running in reverse, some of the thermal throttling settings in the bios helped reduce this for me, and you can also try a program called throttlestop to see if that helps you

I'm not sure if it's the same in your case but cpu-z, throttlestop and eleet all showed different clock speeds that my cpu was currently at, of course that meant 2 out of 3 were wrong, they also reported different temperatures, definitely the strangest board i've overclocked, lowering my voltage as far as i could stably do so helped a lot too, the higher my temps were and the sooner it throttled down, 4ghz never throttled at all, 4.5 goes down to 4.2 for me on a 2500k unless i run throttlestop when all 4 cores are under max load, as soon as the benchmark stops it would bounce back to 4.5

Ok i checked it out and got throttlestop 500a, it reports the same mult, and core speed as eleet. benchmarked with it turned on and it stayed the same clock speed. still getting crap for scores. i switched back to the A05 bios as well. I did notice there were max wattage options on the R16 bios though. 1/8 watt increments.  curious about that.
 
  Updated:
 
A05 bios is yeilding me higher scores from overclocking finally. but unfortunately still cant change vcore voltage to manual. 4.3 is max i can get on auto voltage

I put this BIOS on my system without reading the forums.  I should have read the forums first.  I have the z68 SLI Micro and this BIOS almost bricked my board.  Once it was installed, my system destabilized and Win8 would crash repeatedly after loading.  The manual for the board says the toggle for the secondary BIOS is by the board speaker, it's not.  It is actually located below the vga card, hidden from view if you have your video card installed.  Tech support wanted me to reset the bios with the CMOS jumper and called that the switch for the BIOS.  Luckily someone smarter posted the correct answer in the forums.
 
Once I was able to switch to the secondary BIOS, I ran into Latency issues with sound/video.  This board already cannot handle USB 3.0 and the onboard audio has issues to, so I use an older PCIE sound card which has superior sound.  The board stabilized with the flashing of the secondary BIOS with the A05 build, but with the same video/sound stuttering as before and without the ability to use USB 3.0 without causing major performance issues.    
 
I bought the board for the USB 3.0 ability and size.
 
I switched the board back to the 016 BIOS on the primary and loaded the machine, it was unstable and Win8 continued to crash.  It was by luck on the fourth try that I was able to flash the A05 build onto the primary without the system crashing.  Shut down, reboot, load up and the system is now stable and I have no more video/audio stuttering with Win8.  
 
I would love to be able to use USB 3.0 without it causing major performance problems with my system.  I was hoping this update would have corrected it.  This board has been defective from the first day I installed it, but once stabilized and without using the onboard audio/USB 3.0 options, it is solid.