Yes sir, thats logic board failure. I have in ibook G3700mhz with those exact issues. eventually it would always stay black until i noticed that if squeeze pretty firmly on the left palm wrest just next to the mouse pad it would be fine but when i let go it would get those lines, freeze, or just go black.
What i did was i opened up the back, and stuck a shim between the GPU and the heat shield. That got it to work about 80% of the time, instead of only when i was holding it.
(actually the first time i did it it worked like new for a bout 2 months, then i think everything compressed from being so tightly packed in, and i re did it and now its about 80% work rate)
Search online about Ibook Logic board failure you will see multiple sites with many solutions. I opted to shim, its workable now.
Sorry to hear your bad luck.