I downloaded iAtkos S3 V2, OSX 10.6.3 and burnt it on a dvd. The DVD did boot, and it said "Press any key to install iAtkos S3 v2", i did and it took me to a gray apple screen and never went any further. I tried the verbose mode, it did not show any error instead froze on an empty black screen.

BIOS setting, anything other than IDE, would make my PC restart instead of freezing on the black/gray apple screen.
The verbose mode never showed any errors, it'd say "Loading Darwin x86" and would either restart or freeze, according to the BIOS setting.

My PC config :
Intel i7 920M
DX58S0 motherboard
2GB RAM
500GB Western Digital internal,SATA HDD (unused)

For any further Hardware details kamaleshwar.com/files/Report.txt that is the report generated by Everest Ultimate.