Is it worth trying to get my MacBook Logic board fixed?

I have a late 2008 MacBook unibody, 2GHZ, A1278, suddenly about 2 weeks ago, it just crashed and died (after over 4 years of beautiful service)
When I hit the power button, I can hear the HD power up, but then power down again about 5 seconds later
I brought it to CompuB (Apple authorised workshop in Ireland), and the guy said the logic board was gone!! he wasnt any more specific about what happened, just that it would cost around €1000 to replace.
the visit to CompuB cost me €69
I've seen/read that some places can repair Logic Boards! has anyone any experience of this, would it be worth taking a punt? I dont want to fork out another €50-€100 just for some guy to tell me it's totally fried!
I've since upgraded to a new 21" iMac, so it's not essential the MacBook is fixed, but if I thought I could spend €200-€300 and get it working again, I'd go for it, as I really loved it!!
Apologies if this has been brought up before, I'm new to this forum, and forums in general!
Cheers.

Thanks for the reply FatMac
I agree with what you said,
The OS is/was actually Snow Leopard (I think 10.5.8 was Tiger, I had updated to 10.6 a few years back)(my mistake for not saying this),
I had also upgraded the RAM about 6 months ago from 2GB to 8GB, and gained a massive performance improvement - could this have been a factor in the Logic Board's demise?
The iMac 21" will now be my primary mac, however it's a late 2012 model, so the RAM can't be upgraded (unlike the 27") (at least that's what Apple told me when buying it) (a decision I will probably rue in the future)
I've also got a 2TB TC for back up, and I have loads of external HD's for storage( 2x 1TB, 1x 2TB, 1x 320gb).
I've also just yesterday purchased a Mac Mini, to use an an entertainment system in the front room (I have a spare wireless mouse/keyboard now, so it would be a shame to not utilise them).
So, if the macbook was fixed, it would probably see little use, but would still be used from time to time!
as you mentioned, a connection is formed with a mac (sounds silly, I know, but it just is), and the thought of never seeing her light up again is an awful thought.
I'll hang back for a while, and see how I get on, I got a quote from a place that say they regularly repair macbook logic boards of €250 to repair it, so I'll see how I get on, and if I happen to have a spare few €€€'s in my wallet some week, I might drop it in to them.
Thanks.

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