Xandros - Samsung Revision B. 360 Total Watts.
Edit: Okay, found the PMU reset button. Also checked the battery and its reading at a steady 3.6 volts. Still having the same issue as mentioned.
Edit 2: Read that the battery can still be bad and show good voltage though...?
I doubt this is a PMU issue, or anything to do with the backup battery. Though it is possible for the battery to show a good voltage making it seem OK, but put a load on it and if it's bad it can crap out quite quickly. That still shouldn't actually prevent the machine powering up (I've never encountered it in 20 years of using Macs at any rate and nearly all my Macs have ended up with dead backup batteries at some point or another).
Anyway the fact the light comes on as long as you press it suggests to me the PSU simply isn't pumping out enough voltage to the logicboard to start it up. You might be unlucky enough to just have two PSU's suffering the same or similar problems. Though you can test the PSU a few ways.
First of all, you could jumper the PSU to see if it will turn on without any load at all. Not a very technical test but it will at least show you if the PSU will turn on or not. Make sure it's switched off and unplugged, (and I suggest leaving it for a good half an hour unplugged too for safety reasons); remove the 24 pin connector from the logicboard if it's not already then get a bit of wire and shove it in the green wire's pin on that 24-pin connector, then shove the other end in one of the black (ground) pins. Plug it back in and turn on the power. If it turns on, that's a sort of good sign at least.
If it doesn't come on (you'll know if it's on, the fans will spin up), then the fuse inside the PSU might be blown. However I would have expected there to not even be any power to the button to light it up if that were the case. The second test is a bit more thorough, and follows Apples guidelines. Have a look here for info:
http://www.jcsenterprises.com/Japamacs_Page/Blog/D275729F-09DA-4FBB-96B3-BEEEB2C04619.html
To test the pins as explained on that page, you need to remove the black "sheath" on the connector which is (I find) easier said than done; it is possible by prising it but it can and will break easily. Not that it's essential or anything, but, anyway the tests have to be done with the connector plugged into the logicboard so you need the sheath off so you can stick the probes of the tester in the top.
If you get through these steps and wind up at stuck at a section telling you the PSU is bad then I suggest you go have a look at this thread (and many similar to it) on badcaps.net:
http://www.badcaps.net/forum/showthread.php?t=10136
That guy had identical symptoms to you and also the same PSU variant I believe (Samsung). He replaced some capacitors and got the thing working again. Though it wasn't particularly easy from what I can tell. I've been working on a MDD PSU myself lately (though it's an Acbel) and it can be rather fiddly replacing the caps, but it's worth doing since they're inexpensive parts and if done right can essentially give a MDD PSU a new lease of life. Badcaps.net has a hell of a lot of useful info on the whole ordeal anyway and the forum's got plenty of helpful knowledgeable people that would no doubt be willing to help you out if you needed it. There are actually quite a few posts regarding the MDD PSU's on there that you can find if you search for them too.
Of course you might test the PSU and find that it passes all the tests. That pretty much leaves three options; your logicboard is kaput. The CPU daughter card is kaput, or the power button is for some reason kaput (that last one; try moving your finger around, I've seen one guy on badcaps go to the trouble of replacing caps in his MDD PSU only to find the button had gone a bit wonky and had tobe pressed at an angle to work, you never know you might be lucky and that's all that's wrong with it).