Ouch! I've got one and it has worked okay after the superglue trick. I haven't had a problem with it, but I'm not a devotee. If I were building now I might choose something else. The Volcano II was just the hot buzz for a quiet cooler when I was putting my system together. I actually bought three HSFs and this one fit my needs.
If I'd had your experience though, I'd be throwing things. If it really killed your PSU, then I really feel for you. Hopefully it wasn't a great one to start with and it gives you an excuse to upgrade to something like Enermax or PC Power & Cooling.