First of all, Get a nice source of light shining directly into your case with the side off, prefereable on it's side(flashlight or something accessable.)
Peer straight into the case at the Model number of the mobo which is right between the second and third pci slot in descending order.
To the right of the model number this is in smaller writing "PCB rev. x.xx" or similar that will tell you the PCB revision, however if you have the later model with the 400mhz fsb on the box then it's the PCB 2.0
I have a PCB 1.04 and a PCB 2.00 model, both I was able to update successfully. Use the asus update utility in windows when updating prefereably incase you screw up and can download it again. It worked for me anyhow as I was cautious because the last board I did had a bad flash
However I wish asus and other companys were to add an MD5 hash and or sfv to their bios updates to verify the data is perfect.