Yeah, don't even bother with the smelly one. Once the magic smoke comes out, it's a paperweight.
Got the new Corsair 550HX PSU in there now (bought new in 2008, but never used), and the system is functioning OK AFAIK. Took me 3 hours! No keyboard support until I got my DVI cabling correct, a head scratcher! Complicated systems in this room:
3 PCs (2 midtowers, each with an HDTV card that has to be in separate systems, and they are accompanied by DVI daughterboards, which complicates the wiring), a laptop.
2 monitors (the 3 PCs use the 2 monitors)
1 digital projector, which can accept digital output from both midtowers
KVM switch so I can use single monitor and keyboard with the two midtowers
Switches galore, wires everywhere, most are labeled but the sharpie writing fades with time!
System upgrades are in order, a major reason is the main midtower has bad lip synch issues much of the time. I will get two new motherboards, CPUs, RAM, OSs. A major benefit will be that I will be able to buy and install large capacity USB 3.0 internal SATA HDs in the midtowers. Right now one of the midtowers has zero SATA support and the other one's SATA support is about as bad as it gets -- 500GB maximum capacity and the SATA controller is notoriously horrible. I have been depending on external large capacity USB HDs. It wouldn't be so bad but I've had several of them die on me.