Well looks like she's a gonner
I started replacing the memory chips one at a time, got to only the 3rd one and now it won't boot, it goes through the first load stage and then gives a boot checksum error. I tried removing and reinstalling it a few times, same problem. Messed up something in the process..
Oh well it was worth a shot, as always thanks for your help Ed. My buddy was planning on buying another one anyway, I tried my best. Now it looks like I have a red board for parts now.