I'm assuming you have the X58A-UD3R from the pictures (same board I have). There is a Reset CMOS button on the back, try pressing/holding it to reset the BIOS completely. The LED's by the RAM should come on briefly during boot, though the red ones shouldn't come on (unless you have the V2, I think the red ones come on on the V2, mine's V1). The LED's by the CPU indicate CPU temp and CPU voltage. The bottom two are temp (green is >60, red is >70C) and the top three are voltage (green, yellow, and red indicating level of over-voltage). Obviously the green and red temp lights come on if it is overheating, but note the top LED's, if they come on it means your CPU is getting too much voltage. The LED's by the RAM are supposed to turn off after the BIOS is finished and it switches over to the OS. The LED's in front of the ATX power connector indicate RAM over-voltage (again green, yellow, red) as well as northbridge temp I think. The other group of green/yellow LED's is phase, which can be enabled with the Dynamic Energy Saver application (they essentially show CPU usage). Above that is 5 blue LED's, they light up sequentially when overclocking, the more LED's lit the higher the BCLK speed.