DeathAndTaxes, DiabloD3,
thank you for your suggestion of ArctiClean for cleaning off the thermal paste from my GPUs. This stuff is
awesome.
ArctiClean is citrus based, and this makes it really pleasant to work with as opposed to harsh chemicals and/or alcohol. It comes in a bottle with a metered drip tip that lets out a drop at a time, and the $7 I spent on it is going to last forever. Cheap as hell for what you get. You drip on a few drops of the first cleaner part, and the existing thermal paste dissolves instantly, just waiting for you to wipe it up with a soft lint-free cloth. On some of my GPUs, it took 2 applications to completely clean it. Then, drop on a drop of the second part to finish the job, and admire the mirror finish on the GPU die!
The thermal paste that I chose (Tuniq TX-4) comes with a plastic scraper to spread the stuff around real thin, but it ends up being somewhat uneven anyway. I decided that having the paste so thin that I could read the lettering on the die through it was probably not enough, and ended up using an even layer about as thick as some heavy paper. I haven't tried it yet, but it looks far better than Arctic Silver that I used on some other GPUs.
Finally, the project is sort of on hold at the moment until Spotswood finishes my custom frame - it should be here in a few weeks though. If anyone needs something custom, talk to him - he can make whatever you want. The best part about it is that he whips up the design in CAD, and will discuss exactly what is needed as part of the design phase first, while sending you renders of what it will look like as the design goes on. The final frame should look something like this:

That includes a tray to fit the custom hole pattern on this backplane. The PSUs will go on top, and the side sections are removable. It is really wide for testing with a large number of GPUs, but I eventually hope to compress this project into a 7-8U 19" rack formfactor. The fans are Delta PFC1212DE-PWM 120mm models with 252 CFM airflow.
As usual, all the project costs are in the second post, and I will keep that updated. I also keep adding to the imgur album, available here:
http://imgur.com/a/0oist