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one more thing. if the psu fucks up like this, does it damage any of my other components? (such as hdd, mobo, optical drives, graphx card, etc)
It usually depends what has failed. If you keep trying to boot a system with a failed psu the chances of it hitting another component are vastly increased.
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update for y'all. my psu is officially fucked. i push the power button, my led goes on for 1 sec, then turns off. so now, it's sure that this whole problem is caused by a fucked up psu. recommend me a good psu. antec? thermaltake? i'm burning this powertek piece of monkey poo!
Just going back to this for a second, the symptoms you describe are not necessarily a blown psu. The psu will automatically cut out in an over-current situation, such as a short or another component failing. You should really rule this out before changing your psu, preferably by borrowing another psu if you can.