battlewithin :
Well, I hate to burst the "AMD graphics bubble," but I'm running into the same issue and I've got an AMD GPU...
Windows 7 Ultimate 64-bit
AMD FX-8350
Radeon HD 7870 running 4 screens with 3 as 1 Eyefinity
16GB G.SKILL Ripjaws RAM
ASUS M5A97 LE R2.0
SanDisk 256GB SSD
So, similar to OP's system except for graphics card. The only other major difference is *when* I get the BSoD. It only ever happens when I wake the computer from sleep. Since that was previously my standard method of "shutting down," I'm pretty pissed about this error. I also don't get as much info on the blue screen as you guys, just that it's dxgkrnl.sys and a bunch of address data. My best guess was that it was related to DirectX, but since that's built into Windows 7, there's no real way to uninstall it without a fresh install of Windows and I'm not ready for that. And yes, I've gotten the latest drivers/Catalyst from AMD's website. Did it twice, in fact. I've also got Windows completely updated; including all the crap that came down last night.
Another solution that I've seen for similar BSoDs was that Fast Boot might be the culprit, but I just disabled that and checked before posting here and that didn't fix it. The last two things that have been suggested to me are things I'd already thought about: bad SSD or bad RAM. I've tested them with SeaTools and memtest86, respectively and I've seen no errors after many rounds a piece.
I'm up for blaming the DirectX people, not the graphics card manufacturers... Microsoft should know about this by now! Haha!
Anyway, not much help, but it might be useful for you to know it's not just an nVidia issue. 😉 Oh, and last, but not least, I have a 530W PSU (80 PLUS Bronze Cert) on an APC UPS, and I've never had any issues with either when gaming full-tilt for hours.
First of all, you need PSU with
at least 650W.
Assuming you are playing new(er) games in high resolution(s), graphics settings at high, postprocessing(s) = you are already at ~330W JUST for CPU and GPU. And you have also MBO, RAM, optical drive(s), USB peripherials, Wireless adaptors use good amount of power etc..
If that's the case, your PSU works over the peak level and it is under stress. Capacitors have duty to make voltage - "straight lines", will fail with time and your system will be supplied with voltage lines that looks more like graphs of a bad company, which is bad.
Second;
Dude, FX-8350 doesen't even support sleep, neither the hibernation, (S3, S4, C6, C1E....), ONLY CnQ
So, live with it or exchange it for 8150 and you will be very happy

Or get gigabyte MBO, GA-990FXA-UD3 (rev.4), this one don't give a crap that CPU doesent support sleep, it works like a charm.. hibernation didn't work first time.
Surf a little on cpu-world.com, know your hardware .)
Conclusion is obvious: FX-8350 is a pure muscle, it is not designed for office.
People that overclock said it goes upto 4,6-5GHz, but must be water-cooled.
BTW, I also have 8350 and asus "TUF" MBO, i get after sleep: bsod ntoskrnl.exe (internal power error), and from hibernation also, except hibernation works sometimes well. And have dual boot too.. You have a bit worse bsod. Feel free to reinstall directx (June 2010).
I really dont care about sleep and hibernate, because everything is up in seconds and I don't have SSD; so why to have your RAM under power in sleep?, or HDD working when saving data for hibernation.
No need at all.
One more thing: as 33 y.o. computer technician I have NEVER find nVidia problems in hardware: GPUs, chipsets or network enumerators - and have already shipped at least 5 or more big boxes of AMD/ATi GPUs, dead or half-dead. Enough said about ATi ?
Problems with nVidia hardware was in pirated versions of Windows with messed up frequencies, 3rd party apps and sometimes in drivers. Sometimes, but very rarely, newest drivers make things worse.
ATi uses much more CPU than nVidia, and that's why they are cheaper, have "better numbers", compared to nVidia. Lower price paid for AMD/ATi GPU is "few" times much more paid by molesting your MBO, CPU, RAM... ATi is for children that need new PC every year or two max. If you overclock: things in most cases go bad, you get some performance, but your internal timers dont work well and your system suffers, if you have AMD/ATi GPU, things are ofcourse, much worse when overclocking.
DON'T overclock, pick nVidia (Even OCd) and you have great start.
In 99,999999999% cases, price will tell you everything.
Hope I was helpful:
cheers