So as you may have guessed, I HAVE FIXED THE PROBLEM!!!
After getting tons of good advice from XJTalk members, Jeepforum, and

alike, I was able to piece together a solution....
Oddly enough, the one component I was going to swap out shortly after I swapped in the donor transfer case was the culprit and cause of all these issues.
The VSS (Vehicle Speed Sensor) was to blame. Apparently it is in the same 5volt family of sensors as the Crank Position Sensor (CPS) ... o2 sensors.... and TPS (Throttle Position Sensor)...as well as all the others...
I HAD NO IDEA.
I figured, "why, during the startup sequence does the PCM need to check the condition of the VSS?" ...and "why would the SPEED of the vehicle have any bearing on the PCM to begin with"..... well i guess it does, and swapping out the VSS from the donor T-case for the one out of my old one solved my problem. One little sensor took down the entire system.
The VSS is located on the side of the transfer case, regardless of the year of XJ:
(picture courtesy of:
www.stu-offroad.com)
It's very easily removed by a single bolt and a retaining clip.
(picture courtesy of:
www.4wdmechanix.com)
Pulling the VSS straight out removes it, this is not a serviceable part (for now - i may change that here very soon) ...so its just a matter of replacement.
The one I pulled out had an orange gear with the number "1" embossed on it,
and the one that came out of my old case was green, and had the number "4" embossed on it.
The stock one (green) is a 35 tooth, the one out of the donor case (orange) is a 36 tooth.
According to the info over at
Morris 4x4 Center ...the orange one is for 33's and 4:10's.
With the two VSS units out of their respective t-cases, I merely switched the gears between the two (to keep my mental speedo-adjustment the same)
And installed the old one into the donor t-case.
Once done, I reset the computer, turned the key on and VOILA!
No more "no bus" ...all the gauges came to life, and the jeep fired right up.
(Also no more P700 code either.) WOOT!