Water pump is less than three years old, has 20k on it. It was an OEM pump from Atlantic British, cost me $150. The whole system was completely flushed back in 2011 when I did the heads. The new thermostat is a Motrad 439-180. It was supposed to be a "soft spring" but it sure felt alot harder to push than the old thermostat.
Something's not working because obviously nothing is going through the radiator. I've never experienced a water pump failure of this nature. It's hard to even imagine how it could possibly do that, shaft is tight, no wobbles, no leaks.
The good news is that the block test came up negative. I'm just trying to formulate a plan of where to go to next. I guess it's possible I got a bad thermostat, that would be my luck, maybe I'll try putting the old one back in.