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I keep reading this and can't figure out why this don't run.. So. I have only one reason that it won't run, You have a BAD TIMING CHAIN, Its the only thing that would do what it is doing assuming all the other parts replaced are good. I would pull the cover and check it out.UPDATE AS OF 5/06/2006 Starts and runs for maybe 3 seconds and dies, noid light flashes and timing light flashes as the motor dies.Continuing to crank while it dies. lights flash.
latest testing new injectors ohmed out at 14
replaced ignition control module with oem
had alternator checked - passed, wires passed
replaced battery cables (desperate try)
Battery tested and charged
Replaced gaskets on plenum and tubes, had to check not sure if they were damaged.
Tried another ecm and memcal, same results.
rechecked egr valve, no problem
hot wired from dist. 4 wire to ecm bypassing all connectors
going crazy. priceless
 
Thanks for sharing the final solution.  It may have been a trial on your patience but your patience paid off.  You now have a running torque monster L98.  You've learned tons about its operation and you've checked or replaced a lot of stuff that should now not give you any problems. You've also probably helped someone else now or in the furture by sharing the experience. Enjoy your FORMER basket case!