1) I changed the bios setting
2) Haha! No quotations, but i wasn't putting a space between the boot flags earlier. Tried the DVD again with the "cpus=1" boot flag and it is still getting hung up at "kernel version:..."
3)iATKOS v. 1.0i Mac OS X Leopard 10.5. Haven't used it yet tho

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80GB Serial ATA hard drive
4GB DDR3 SDRAM 1333 (PC3 10666)
ASUS P5Q3 Motherboard LGA 775
Intel Core 2 Quad CPU Q6600 @ 2.4GHz
NVIDIA GeForce GTX 260 video card with 896MB
D-Link WDA-1320 IEEE 802.11b/g
Integrated Realtek HD Audio