yes some people think such a screw has to be tight so it can hold that 5 ton weight of the little door and overturn it , there is a little option , take the thinnest flathead screwdriver you can find and carefully push it under the screw and lift it up a bit and try to turn the screw with a philips screwdriver slowly very slowly until you feel the screw has grip again and keep on lifting with the flathead and turning with the phillips , it might take long but eventually the screw might come out again , hope i explained it so you can understand what i meanHey to all,
I can now proudly say Im a member of the eMac owning collective. Love it already and Ive only had it a week. Mines a 2002 Model though (700Mhz, 128MB RAM(Would be a lot more, but the screw is pretty-much stripped and wont come out), 40GB HD and a Combo Drive). Its currently being used as a Jukebox and for Video Content Storage. If only 10.4 would run on 128MB RAM xD.
if that does not work get some pliers hold the screw and drill the head of (carefully as the screw might fall in without head)