I got a new board unit of the same model with a newly fixed (dated July '09) bios. No more installation issues so far.
To be fair to MSI, the replacement was available after a week and the technician even gave his cell number in case I need help. I also got an email to inform me that worldwide MSI engineers are currently having some official activity merging with the online user forum.
I noticed that the board revision changed and the caps that used to be polymer kind that surrounded the processor is now liquid type. I just hope this version is durable and better than the one I had problems with. I refuse to prejudge that the cap change would affect lifespan or performance since the industry-wide leaking cap issue, traced to incorrect fluid formula, should have been resolved by now.
Thanks to those who offered their advise.