I finally figured out why I thought the system was hanging. Apparently during boot up the signal from the VCS was not sending properly through my receiver to the TV.. So, I thought it was stuck, but it was actually sitting on the selection screen. I plugged the VCS directly into the tv and now I can get to the bios menu. Unfortunately, because I have a new system with the new bios, the Celebrates password won't work. Looks like I've got to roll back the bios...
Thanks for the help!