When you say updated all drivers, are you including your BIOS, as these sleep issues tend to be related to ACPI in the BIOS.
Personally I think this is just a new FEATURE of W7

. I have to set my machine to never sleep, not allow hybrid, and never hibernate and it still sometimes visits Peter Pan (goes to NeverNeverLand) if I let it alone for too long.
Generally your power button will shut the computer down if you hold the button for 6 seconds. Also there is normally an external power switch on the power supply that will do the same as pulling the cord.