Yes the card is fried. Your best bet is to contact BBRV and see if they can help you out.
If the CPU melted its gone.
I lost 2 CPUs on my peg 2 in the past. Do yourself a huge favor an replace the heat sink and fan on your working CPU. Make sure to use metal legs that connect the fan to the CPU board. The plastic ones will melt and you will lose your other CPU for sure.
The default fan and sink that came on the CPU cards all fail. My problem went away when BBRV sent me a CPU with a metal connection.this goes back a few years so I don't know if they can help, but they are good people so I would start there.
Good luck
