Difficult problem to describe, but I'll give it a try.
Basically, when I power on the PSU the motherboard LEDs are dark and the onboard power button pulses green.
I just RMAd my previous board on this issue and received the replacement board today. Put in the new board and flip the power switch to the same effect! Disconnect the motherboard power cable and attach it to the PSU testing tool. Flip the switch and the PSU and case fans kick on. Reattach to the motherboard and the PSU goes dead and with the motherboard power pulsing green. I even bought a new PSU just to see if that was the problem, nope.
I'm at a loss, any ideas out there? Going to keep troubleshooting, but this is driving me broke and nuts.