Hello all!
I'm having the same problem with an ASUS P5LD2-MQ which came in an ASUS V2-PH1 barebone system. These are the specs:
It all worked fine for the first week, I installed Windows, updated BIOS, driveres, etc. Then all of a sudden, during startup it showed the ASUS splash screen druning POST and then in went black...
Since the system was originally working you could try and flash the bios with the original bios version (or the one previous to the upgrade). You seem to be going into post so flashing the bios is possible. There may be a glich with the update you applied and with your system.
This is just a suggestion. Also try and boot with minimal harware as per previous posts.
LCCM