I need a motherboard which will support Intel Xeon E7-8850 processor, which uses LGA1567 socket. As far as I see mist of the motherboards on the market are for LGA1366.
Is LGA1567 fully compatible with LGA1366? And is there a motherboard with LGA1567 support and a decent price tag around $500 give or take? I'm looking for something that would support SATA 3 and EEC DDR3, as well as have a room for a graphic card. This is a set up for a workstation, not a server.
LGA1567 is not interchangeable with LGA1366. Looking at http://ark.intel.com/products/53575/Intel-Xeon-Processor-E7-8850-%2824M-Cache-2_00-GHz-6_40-GTs-Intel-QPI%29, there isn't a list of compatible products yet, meaning Intel hasn't made a motherboard for this processor yet.
You'd have to look at non-Intel motherboard manufacturers. I wish I had better news for you.