Hi b4LrOn:
First of all I want to say something the people here at the forum have mentioned already: The MBM readings and the motherboard sensors aren´t the most precise way to know the temps reached in any part of the watercooled rig.
The better way is using some digital display with good temperature sensors that would give you a more accurate reading of the temps in the rig.
With 3 radiators and 1 pump you surely have to obtain better results than the ones you´ve posted here. I would give you some indications of what you could do to improve the system.
Split the watercooled rig in 2 circuits, because the conection of three radiators in series isn´t the best way to obtain better results off of the radiators. The last radiator in the circuit wouldn´t disipate all of its W power. The radiators would have a much more better performance if the water reaching it is relatively hot.
One circuit could me made from the pump to the Evo240 and from here to the CPU block and then to the reservoir.
The second circuit goes from an Y splitter just before the entrance of the Evo240 radiator to the Evo120 radiator located in the upper zone of the case, from here to the chipset and VGA blocks, then the another Evo120 radiator located on the base of the case and then to the reservoir.
Don´t worry about the diference of temps in the two circuits, because the hotter one would be cooled with the water of the second one and the final result would be better than the one you are reaching right now.
This method surely would improve the temps in the rig.
Other ideas could be using another pump for the second circuit i´ve indicated before (this is only neccesary if the CPU block needs high water pressure to perform better). So the pump you already have now only would pump water to the CPU block. If you choose this solution you could conect the two Evo120´s in serial just before entering the chipset and VGA blocks.
Another thing that is making the temps in your rig being so high is the using of too much of 90º angles. Try to reduce this ones. Another bad thing is the big distance between the pump and the two radiators located in the upper part of the case. Think that the pump must pump the water up there, and much of the water pressure you´re needing for making the CPU block performing better, you are loosing it here.
I hope the indications made by the rest of the users and this ones could help you.
And now some things I would tell here, and I hope this wouldn´t be taken in the bad way, is the following: If you use watercooled systems try to reach temps around the 30-35º barrier in a "non-modificated/oced-system", if you are reaching temps like 45-50º with watercooling, something in the rig isn´t placed well or isn´t choiced well.
If you like 50º temps use conventional colling (Air colling, less expensive and better to care for). All depends, of course, if you want to reach a high performance pc or you´re right with a low noise system.
It´s only my position in WC. I know that most of you aren´t in the same boat than I, but I think it´s something to deal with, before choosing to board on the watercooling world

.
I hope you can resolve the problems with your rig.
Cheers,
friku.