Hmm. Regardless of brand, given the specs of that PSU, and the apparent (mild) load on it, if the system in the picture is the system in question - I would call Enermax for an RMA. I know that software voltage monitors are rarely calibrated correctly, but they are useful for showing dynamic variances under load, and ... that's a lot of variance. Does the variance go away, when the PC is left completely idle? (Disable screensavers, etc.) If it does, then take a reading with a meter, on one of the molex leads or so. Use that offset to "virtually calibrate" what you are seeing on those readings, and use that info to see if the max/min readings during variance go out of spec.
Do you have another PSU to test with, to swap in and see if the Asus probe software shows a similar level of variance on the +12V line?