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DLPLCR4500EVM: Not booting when power up

Part Number: DLPLCR4500EVM
Other Parts Discussed in Thread: DLPC350

Hi, I just started working with this evaluation module. So far i've power it up with an ATX power supply (+12V @28A). But the only thing happening is the fan turning on and off, it also displays a single color light as you can see here. I've also attached the board to Windows 7  and Ubuntu with different results. In Windows 7 it plays the sound when you plug any device in the USB port it does everytime the fan stops and starts. In Ubuntu the lights go from Red, Yellow, Magenta and Blue once and again.

Is there any problem with my board or is the power supply?

BTW when I install the GUI there is no executable file or application to run