If you really have the beeper, try this:
Unplugg EVERYTHING except CPU and power switch. (no video, memory drives...)
You should hear either 1 long and 2 shorrt beeps (no video card signal) or repetative short beeps (no memory). Beep codes may be different.
If you don't have the beeper, you'll have to use the VGA to see if there's any video feedback. Good thing would be to test the video card and monitor on another system. Although, you can try without VGA just to see if there is any change in behaviour.
If you don't get anything, doublecheck the power supply connections to the mobo. If that is not the reason, than it's either faulty mobo or (I suspect) CPU.
P.S.
Nice thing about new bits is warranty.
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Posting Virtuoso
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since May 2006