In my humble opinion, before buying a new motherboard, do as bigscotsman says...take out all unneeded items. THAT INCLUDES UNPLUGGING ALL IDE/FLOPPY CABLES. ONE BACKWARDS IDE CABLE CAN CAUSE THIS. Leave Motherboard, RAM, CPU (and fan), Video. If no power then also try--
1) double check with the manual. RAM, if in the wrong slot will almost always result in no POST.
2) remove all front panel cables. (CAREFULLY) Use the tip of a screwdriver to momentarily short out the two pins used for the power switch connector. I have seen many, many people with these mixed up, resulting in no video. Have even seen many reset buttons stuck, resulting in a constant restart!
3) try breadboarding the system. Take the motherboard out of the case, use video, RAM, CPU (and fan), and power supply. If no video, then start replacing these items one at a time (as suggested by those above). If video comes up, then verify that you are not shorting. Especially look at standoff placement under the motherboard.
Your problem could very well be the motherboard, but taking a little time to make sure that it is not a 'little' thing can save you a lot of frustration and some $$ too!
Good luck! Mudskipper