I would suggest testing the processor on another motherboard to make sure it is defective.
If that is the case, then you might want to contact Intel local customer support center so they can assist you with any warranty option, you can find the local contact information at:
Are you running in DOS. Linux or Windows?
Try DOS. It is the most basic of the tools (No dependance on other OS drivers)
The BMC "processors" is totally seperate from the main board CPU and you test is a good on to show BMC is functoning.
Another is the front pannel ID button. If the blue LED lights, BMC is running.
With your other issues, i would suspect the log may be corrupted.
Try clearing the BMC log from the BIOS set-up screen then try the SELVIEW again.