Already tried pulling the memory and booting from the built-in, to no avail. I will try Ubuntu and get back with you.
I thought that if it was my video card, then I should still be able to read the internal HDD and even boot from it in "safe boot".
I wouldn't think it was your video card either, but I'm at a loss as to what is causing it.
My next guess would be that there is a problem with the onboard 512MB of memory, or possibly the CPU.
Any idea on how to trouble shoot the onboard memory or CPU? I thought of the CPU since it seems to get hot and the fan are running like crazy. Should I try to reset the CPU?
Have you tried swapping out the RAM for known good?