Well I finally got it to work I bought my new 420 Thermaltake PSU booted up and it did the same thing, called MWAVE.Com tech support and he suggested that I should take the Mobo out of the case to see if it worked and IT DID!!!! So I called him back and he then recommended me to not leave any spaces in between the screw holes in the mobo and the copper ones to cover them with electrical tape to make sure nothing would short out the motherboard while inside the case.
Well...again he was correct! it worked like a friggin charm and I'm posting from my new PC
already tried different games and my FPS is uber sweet.
So far the Kingston Valueram PC2700 hasn't given me any problems so we'll see as I go along. I'm going to wait one more day before I cancel my RMA because I was frustrated that I called before I decided to give it one last shot and that's how it Happened.
to Richard @ Mwave.com<--he's the guy that helped me out 
Things like these make you want to shop from these people again. Nice customer care, tech support and prices can't be beat.