Sure. It was the round floppy drive cable I installed.
When diagnosing the problem:
First, I put in the old pos psu, and the temps still went up, then I unplugged the round IDE cables for the optical drives but the temp still went up, then I plugged those back in and unplugged round floppy cable, restarted and temps went back to normal. So I went and bought another round floppy cable, completely different brand, same thing, the temps went up to 55* or higher. Then I put the ribbon cable back on, sure enough the temps went back down to 40*. I called ASUS tech support and they had no clue why a round floppy cable would cause that. I guess the MoBo just doesn't like em. Right now I'm running the round IDE cables and the Enermax psu and everything is all good. I called Asus tech suppost before I fixed it to see if they had any answers, one of the guys there suggested I removed EVERYTHING from the mobo, including the cpu, and reset the CMOS, even though the manual clearly says you only need to remove the battery to do that. So tech support was no help on this case.