Entertainment indeed! Despite the sinking feeling, I was quite delighted by the smoke!

I went to Fry's, and to my surprise, they were quite cordial and helpful. Not typical of Fry's.

Anywho, I bought a CPU, nothing happened, took it back, and the guys said both were in perfect working order. After hearing utterances here about my PSU, I decided to go that route, besides the fact that it's cheaper. No avail. I still don't think it's RAM, and this only leaves the MoBo. I shall take the PSU back fo a refund, and buy a new MoBo. Hopefully, I shall be back in command of C172s and T-54s by the end of the week.
