After installing some mushkin ddr memory, I'm back to say that I am sending this message from the newly repaired computer.
I did break a few fan blades here and there, but after almost a month of hiatus, the computer's working.
My assumption was right, it was the memory failing. I haven't checked the memory for failures, but at least I can boot the computer now.
We'll see how long this new memory lasts. At least now I have lifetime warranty on it since it has mushkin warranty.
Just as likely to fail in two months is every other semiconductor inside that computer. Solution is to find it with simple diagnostics. That diagnostics even defines which memory contact and motherboard connector pin is involved in the failure. Easier is to use heat; to discover which side of that connector is defective.
So far, the memory is cool to the touch, which I find truly surprising. Your diagnosis might be right. I have not instelled heatsinks on them yet. (I have a pair of heatsinks unused.)
Thanks to everyone that gave me input and helped me diagnose the prob.
Note: DO NOT BUY FROM BZBOYZ.COM They sent me bad memory, failed to refund me, and I had to pay for return shipping. They refuse to refund the full cost of memory. I ended up getting my memory from newegg.com. They do not charge you for return shipping and have good service.