I want to thank everyone that helped me in this situation and also whome of which investigated certain aspects and parts of this issue as I learned a few thing in the process and also it helped me to figure out what was going on! After everything happened yesterday I ran out and got a new mobo/cpu/ram and installed it in the case replacing the old. Got a fairly sweet deal actually, FX 6300 and a newer model am3 mobo with descent NB/SB and some DDR3 ram for $130 new(mobo was free in a bundle lol). Anyhow come to find out later that evening I continued with tinkering around with the old mobo and upgrade parts that I tired before and caused the motherboard to smoke again, hah. Im suprised this thing is still working! The problem was rather shocking and quite unexpected as I have NEVER seen anything like this before!! The video card is what was causing the mobo to smoke!! I did a step by step installation/test of parts on a test build of flame retardent material and first started with of course the PSU that was in question. It works fines and runs like a champ and had no issues there(mobo booted with only PSU attached initially. I then proceeded to add the video card back into the picture and as soon as the mobo booted it immediately began smoking again! I tested the setup after removing the video card and everything was fine! I then attempted the test with a different video card which also requires the 6 pin mole connector for additional power and the mobo booted and ran normally with the PSU. After discovering this I proceeded to add in each part one by one booting and shutting down the mobo to see if it could handle everything it was being fed. What I ended up with at the end of the process was a frankenstein like setup that I installed windows 7 on. What in the world could be wrong with this video card to cause the mobo to fry and smoke?!?!?!? Again the video card that is bad is a radeon brand HD 6870 power cooler. Loading pics of new pc setup and frankenstein and also the bad video card. Theres no obvious signs on the outside of the video card that would lead me to think it is bad but obviously it is, the fan never come on the unit.