Well, I'll say that it's NOT very likely that the PSU is the problem. If it's a brand new one it should be enough to run this card. Unless you have some VERY power hungry setup it'll probably use only 250-350W when stressed. I'm not saying it's a good idea to run this GPU off a 500W PSU but it'll do for a year or 2 if there's no other option. 18amps per rail is a minimum for this card but should work.
My vote goes to damaged / buggy drivers. It'd be best to check the card with another PC or on a clean system.