VRM sensors are borked? Thats a software issue, not a problem with the card.
Voltages are fine, thats the specified load voltage for the 7950's with boost. Your temps are good too, so the voltage is clearly not a problem. I really dont see why this is an issue to you
The fan on full when you bootup is normal, its so you know your fan is working.
Having nvidia drivers on your system is not a good idea if you are running a AMD card, its perhaps responsible for some of your glitches.
And finally, whats your PSU? The burning smell is probably your PSU.
Voltages are fine, thats the specified load voltage for the 7950's with boost. Your temps are good too, so the voltage is clearly not a problem. I really dont see why this is an issue to you

The fan on full when you bootup is normal, its so you know your fan is working.
Having nvidia drivers on your system is not a good idea if you are running a AMD card, its perhaps responsible for some of your glitches.
And finally, whats your PSU? The burning smell is probably your PSU.