Good comments, and I was wondering about the one that looks like it might do the same as the mausberry, but for nearly twice the price.
My thoughts for using an ATX was mainly to use an old one that most folks have laying around, just as Slippy suggested.
I was also wondering if it would help the hum on the AV output, which could be a show stopper for using a Pi in a juke box.
Of course, if necessary you could put a low ohms, high wattage resistor across the load to keep it steady (like ATX pwr supply testers do).
My main thoughts on this was to use the ATX to power up the Pi just like it does a PC motherboard.
And to get everyone thinking.
I already have a circuit in mind, I dont think it would be that hard to do.