Taking out all modules for me solved the problem. Continuous reloads stopped, was a failed ATM-T1 module.Anybody reading this start removing all modules first before router replacement / trash out.
See here, says 4 allowed, try filling slots from lowest to highest.http://www.cisco.com/c/en/us/products/collateral/interfaces-modules/high-speed-wan-interface-cards/datasheet_c78-491363.html
I sent in errata in the past with Cisco Official Guides and stuff, nothing changed. If you download errata for Cisco books, you will be surprised how misleading sometimes they can be for a beginner.
Check here module, router support and IOS version needed: http://www.cisco.com/c/dam/en/us/products/collateral/routers/1900-series-integrated-services-routers-isr/aag_c07_563807.pdf