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Modern ATX motherboards don't cut power when you push the switch. Instead it sends a signal to the motherboard saying you would like to shut down. If the OS is up and running, it is usually able to detect this request as well.
Older AT machines had the power switch wired into the power supply....
Guess what, it DOES have a reset button! It's just so tiny I couldn't see it in the pictures. I'm on my way now, but I need to take the case back to the store tomorrow and have them take out some mainboard mounts that are put in wrong and that I can't reach. Also the platings that go over the PCI card slots seem to be welded onto the machine instead of screwed on...