Sorry for the delay.
BIOS is Phoenix Award 6.00 PG on a DFI LanParty UT NF4 SLI-DR Expert.
Happened again just now on boot. The MB has "diagnostic LEDs" that light up on power on and go off one by one as it detects each piece of hw. The LED for CPU detection goes off, but the one for memory stays on and the beeping starts. No video at all. I reseated the memory and now it has booted. The pain is that the RAM sits below the huge Thermalright heatsink, so I can unseat and reseat with difficulty. If I am to remove, dust and seat properly, I will have to take the CPU heatsink off, a prospect I am not looking forward to.
In any case I had purchased 2 additional sticks of RAM from Clocker in the fall of 2007 which I've never put in (lazy me). I will have to do that soon before I install Win 7, so maybe a full tear down and rebuild is in order.