2008 Server, DHCP is handing out leases but they are not showing up on the server.

I have a 2008 Windows Server, running DHCP, that is handing out IP addresses, but none are being listed on the page... never seen this before. Ideas?
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The most likely explanation is that another DHCP server has become enabled on your network, such as the one built into an ADSL modem etc, what subnet are you using?
dmbqo is probably correct.  Most likely there is another DHCP server handing out addresses.   To check if this is true, go to a Command window and type IPCONFIG /ALL and look for the DHCP Server entry.  This is the host that gave you the address.  

To fix the issue of a rogue DHCP server, cisco has the options for DHCP Snooping which will drop dhcp answers from unauthorized ports on the switch.   Cisco will have instuction based on your switch model, i.e.

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