Update: I was finally able to load an OEM Version of SP2 with help from Dell (hats off to their tech support) and now PMM 2.30 works as normal!! There is obviously a difference between Dell's cd and a MS Windows OEM cd, which was just enough to through a wrench into the mix. That's okay though, at least it's working properly now!!! Learned more about the machine in the process, which is okay too for future reference.
Now, I will test .8 version of the non PN MM and PMM 3.92 see what happens and will report the findings in a much shorter time period - sorry for the delay on these findings.
BTW Terry, it's a Dell Precision T3400, X38 chipset, C2D E4600.