The motherboard housing or shroud protects against damage to the delicate components and parts while acting as an umbrella to cooling systems (heatsinks and heatpipes). Worried about overheating? The exhaust vents allow air to escape and store unit fans, if necessary.
This model is named X79R-AX Stealth an Intel X79 powered motherboard. The design does looks like a stealth fighter. From the looks out of it, it definitely looks very similar to the ASUS Sabertooth.