Acquired this recently, and found hard to believe ...
... five bloated Rubycon MBZ around PCI and AGP slots

Perhaps not too surprising when one sees heat discolouration underneath the FETs between AGP & PCI1

Matched by discolouration beneath VRM

Latter weird, considering VRM has Rubycon input and Sanyo output

Was advised board had been liquid cooled, and stopped working reliably if multiple DIMMs were used, after a leak
So I also removed caps between memory slots, to find

Bloated MBZ replaced by Sanyo WG - also replaced two non-bloated MBZ

DIMM area, after clean-up

Board overall, after cleaning off coolant stains with wet microfibre cloth

Could be worse though
Unfortunately multiple DIMMs are still not reliable
- board's BIOS swaps between OK & Fail for 2.5V health status
However two DIMMs were OK for four passes of Memtest86+
And did a clean XP install without an issue
Then Prime95 didn't even get through a single pass
And stress test of Aida64 also didn't go too far
Aida64's sensor display showed some weird numbers for 2.5V - swapping from ~0.8V to ~1.7V
However Aida64 also showed 5V as 4.1 - but DMM measured 5.03 on spare Molex connector
PSU is a recapped Antec SL300S
Caps between AGP & PCI1 heat up to temperature most unpleasant to put finger on
Where to go from here ?
... five bloated Rubycon MBZ around PCI and AGP slots
Perhaps not too surprising when one sees heat discolouration underneath the FETs between AGP & PCI1
Matched by discolouration beneath VRM
Latter weird, considering VRM has Rubycon input and Sanyo output
Was advised board had been liquid cooled, and stopped working reliably if multiple DIMMs were used, after a leak
So I also removed caps between memory slots, to find

Bloated MBZ replaced by Sanyo WG - also replaced two non-bloated MBZ
DIMM area, after clean-up
Board overall, after cleaning off coolant stains with wet microfibre cloth
Could be worse though
Unfortunately multiple DIMMs are still not reliable

However two DIMMs were OK for four passes of Memtest86+
And did a clean XP install without an issue
Then Prime95 didn't even get through a single pass

And stress test of Aida64 also didn't go too far
Aida64's sensor display showed some weird numbers for 2.5V - swapping from ~0.8V to ~1.7V
However Aida64 also showed 5V as 4.1 - but DMM measured 5.03 on spare Molex connector

PSU is a recapped Antec SL300S
Caps between AGP & PCI1 heat up to temperature most unpleasant to put finger on
Where to go from here ?

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