Sounds like my first UD3R (a Rev 1).
It ran Windows 7 for about 3 weeks then suddenly zilch. As soon as the Gigabyte splash screen was displayed, the damn thing continually rebooted. RMA'd back to Overclockers UK who confirmed the board was knackered, and GB UK replaced it with a Rev 2, which is working fine.
BTW, once you've stripped it down, have a look at the CPU pads. On mine I had around 20 or so pads that had failed to make contact with the socket pins. I never got confirmation from Gigabyte UK that insufficient pad contact was the root cause of my board failure, but I can't see how a board can function fully if not all 1366 socket pins are making contact, particularly if the pins concerned include ones for VCC/VSS power delivery. Whether there is a general X58 socket quality control issue (similar to that reported on Anandtech for the P55 at
http://www.anandtech.com/show/2859) is anyones guess.
regards
Peter