I had big problems last week, and I had the same PSU in there, the Corsair HX520w. First symptoms were no video, no post. I tested the video card in my other system and got the same behavior, so I set up an RMA on the video card.
I put a spare video card in the system but got no response from the power button. Figuring the PSU had died, I put in my Antec True430 and in a second it burned out. Could smell it, and opening it, I see boiled capacitors.
I tested the Corsair PSU outside of my systems and it tests fine, worked fine for me all yesterday with a replacement mobo and video card.
Conclusion is that the mobo was the culprit, and it burned out the original video card, the one I replaced it with and the Antec PSU. However, the Corsair PSU is still OK. Fortunately, my DDR seems alright (one pass of memtest86+ on each stick, separately shows no errors, anyway, and the system's been running stable for 12 hours or so), HDs, DVD-RW, PCI cards used so far seem to function OK.
That mobo (MSI K8N Neo-FSR/ V V2.0 OEM) looks fine on careful inspection but I wouldn't dare plug anything into it. As an OEM, MSI will not grant me service. It was 8 months since I bought it from geeks.com.
I figure I need another PSU, just so I have a backup (and the PSU in my backup system now, is a cheapie), so I'm looking. I'm wondering about the deal now at buy.com for the Corsair VX550. Is that a good unit? How does that compare with my HX520w?