Best ideas yet, but I was one step ahead of you. I took the CPU out and it looks to be in mint condition. So I applied new compound and put it back in, but it still wouldn't register.
I've sence packaged it up to send send for a replacement. Just to make sure I sent everything else back for replacent also. But who knows with my luck I'll have the same problem with the next batch of parts.
Oh yah...I build computers in increments for troubleshooting purposes, so there were no cards installed just video and floppy, and I tried it without both (even including diff. cables and video cards).
Thanks for all the replies