Well, ill toss in my 2 cents as well... I wouldn't conclude the board is dead quite yet.
For starters unplug all unnecessary peripherals (usb, serial etc) then do as others said and pull all but 1 ram module. If it still doesn't work, rotate the ram modules to see if its just a single faulty one, and try both memory channels (denoted by different coloured slots). The fact that you said u have 3gb leads me to conclude you have 3 modules. You should defiantly consider buying a 4th, so you can run the system in a symmetrical dual channel configuration, plus more ram never hurts.
After this, if there is still no joy, unplug any internal add in cards not necessary (ie all but video card), even unplug and disconnect the HD.
Also, clarify what you mean by wont boot...does the computer power up at all? ie do case fans start turning?? If not you either have a short somewhere and the PSU is in protect mode, the header connector is not properly connected to the board, or the PSU is fried. Do what DJ phill said and short pin 14 to ground, but do it while connected to the mobo, you will need some sharp pointed shorting cable to reach in the back of the molex connector while plugged in. If the system does not power up (fans start turning) then you have a short or your psu is dead.
If the system does power on, you need to find a speaker u can connect to the MB speaker header, so u can hear the POST beeps, they can be very helpful.
I guess it also goes without saying that you should ensure all cables are fully seated and plugged in properly.
I would defiantly recommend getting a second PSU to A)test the system with first and B) even if u get a new mobo, get a new PSU, 380 is a bit punchy, likely sufficient, but i would suggest more. For a price/performance leader, the Corsair 520TX is a great power supply, Its more then you need for sure (i would say 420-450 would be ideal in your case), I personally use the 520TX on my Core2 Quad overclocked system, so it will be plenty of power, and the modular cables make tidying up the inside a breeze
***edit***
more thoughts,
if you can get into the BIOS verify the voltage to the RAM as the SPD detection of the correct voltage is usually wrong, especially with performance ram, as the MB/SPD defaults to the JEDEC 1.8v standard. For example, the OCZ Gold Edition ram i am using will be drastically undervolted by the bios. The manufacturer specifies 2.1v operating voltage which i have to manually set in the BIOS of my P5Q-E motherboard. Try manually setting yours to 1.9v (ur rams operating voltage)