YOU OVERLOADED THE PSU !watch out for extreme low voltages, my 350 enermax was running a 5v line of 4.5v, and i get 1/2 melted 5v wires in the ATX cable and the ATX connector gets fused to my mobo, ruining it.
Now the first thing out of everyones mouth is going to be "YOU OVERLOADED THE PSU !," however this is not the case. If i did infact overload it, and overload protection circuit in the PSU would have been tripped and no damage would have been done.
My specualtion is that the mobo started drawing more amps because of the lack of voltage. It coudn't even run folding without crash. Also, the system was at stock speed at the time, since i was having some trouble with voltages running at 1500.
Just kidding. What I believe happened is that your ATX connector became oxidized or the connections were simply poor, resulting in a whole lot of power with nowhere to go. This explains both symptoms: Your low voltage and your melted ATX power connector. How many pins burned out/melted? I would imagine it was only one or two since your +5V voltage was not abysmal... Just pretty bad.
This is also my first post here, so... Hello everybody. I post over @ Icrontic and my attention was drawn to the article by a newer article, etc. etc. Great job on the article Hoot. I'm employing it somewhat, but going to solder the inductor to the capacitors that are before the MOSFETS in order to minimize line noise on the +5V.