Where are you pulling your power from? Don't use a SATA port if thats where you are grabbing it.
My first attempt was two separate molex lines. My second attempt was off the pci express (3x 12v lines there). I then also tried two molex plus the 3 12v pci express lines which should provide more than enough amperage. Like I said before, the psu powers up fine when the blade isn't connected, which is how I can confirm 12V across the green power plug. I don't have anything else drawing power and it's a 450+ W PSU. I've swapped out the PSU and had the same trouble with my "used" PSU.