Original post by: ABCellars ,
Before you call the board toast. Check the RAM and RAM slots. Take a known good stick of RAM and put it in 1 of the RAM slots. Try booting it and see what it does. Shut it down move that RAM stick to the other slot and see how the system acts. '''NOTE: Remove all power sources, battery and AC adapter, when uninstalling and installing the RAM, to prevent damage to the chip(s) and/or the board.''' I would also try booting from the OS X install disk to see if the problem exist in the preinstall environment. From the information given it didn't get a kernel panic until after the operating system is loaded.