The problems you describe only point me in these directions
- Try running on just one stick of RAM, any more than that won't let anything boot (MB-RAM compatibility issue)
- PSU no longer good. If you have a digital multimeter, you can test voltages on the 5 V and 12 V from the molex (4-pin connector for old EIDE drives, fans, etc.). Black or chassis for ground, yellow for 12 V, red for 5 V. (edit: even if they are good, doesn't necessarily mean you don't have a good PSU, but it's still one way to track down and identify problems).
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