**** Use EZFlash to update your BIOS by hitting alt+f2 during POST. See page 4-2 of the manual.
<<<< DO NOT use AsusUpdate to update the BIOS, it may corrupt the BIOS chip!!!!!!!!!!!!>>>>>
A link to all old BIOS revisions can be found HERE.
****UPDATE: try holding down the INSERT key during POST if you think you have had a bad BIOS flash and the board seems dead
If you can't get into BIOS then do some testing:
Connect a speaker (like THIS one) so that you can hear the POST beeps.
Disconnect all hardware except main board power connection and the cpu+HSF.
1.)Remove the power cord from the PSU and clear the CMOS leaving the battery out and jumper moved for ten minutes (600 seconds). Now try booting with no memory, but with video card installed--- you should get 'no memory detected' beep code, no beeps at all here means the video card may be faulty
2.) try booting with no video, but with a single stick of memory installed in slot B1 (you can try all slots if no beeps)---you should get 'no VGA detected' beep code, no beeps at all here means that the memory may be faulty or it may have a conflict with the board
3.) try booting with both the single stick of memory and the video card installed-- you should get a single beep indicating a good POST---if so, go into BIOS and set the memory speed, timings, and voltage manually to manufacturer's specs
If you get no beeps during 2 & 3 then I would suspect the memory. If no beeps at all then try booting the board from a tabletop, lying the board on cardboard to protect it---this will test for shorts to the case---repeat the above scenarios. If no beeps or display at all ever then I suspect hardware compatibility, so verify the installed BIOS will support the cpu. A small list of AMI BIOS beep codes can be found HERE.
You can also try THIS. Post results if you happen to try it. Also try naming the file the same as the ".ROM" file that is in the root directory of the original Asus cd that came with your board. Don't forget that when using a flash drive for BIOS it should be formatted as fat32.
**** Some dead boards are revived by replacing the CMOS battery. Try this as a last effort to save your board.
If all of this testing has failed and you get no POST beeps during any of this then you should call Asus tech support and ask for an RMA.