Exactly the same thing happened to me back in early October, or thereabouts, with my DQ6. The board would kick into life, fans spin up, hold for about 10 seconds or so, then bounce.
A quick post on this forum and someone mentioned the fact that the board often drives too little voltage through the ram (1.3 or thereabouts).
The recommended solution was to try generic ram. This, despite my Corsair XMS2 being listed on gigabyte's site as compatible.
I went for an Abit AW9D-Max instead. I figured, why take the hit on the extra, useless, ram and it may not turn out to be that and I'd be off for another mobo anyway.
Anyway, if you have some generic ram, give that a shot. If you know some other way to check or bump voltages, that'd be the best. If you happen to have another mobo lying around, try all your bits in that to rule it out.
Best of luck - apparently they're great boards for those that get them running.