POP shut-off and strange behavior, what should I do?

Hello Everyone!
I just purchased a Powerbook 1GHz 17" (used), that apparently was recently sent to apple and received a new logic board, a new case, and new parts for the airport extreme.
I started working with it today, had it plugged in to the power adaptor, and after only a few hours, I suddenly heard a POP! and everything went blank.
I started it up, it acted a little finicky about starting...
Worked with it for a few more hours, again, without warning, heard it again... POP! and everything went blank.
This time, I had a little more trouble getting it to start up, tried holding down the powerkey... after 5 seconds of holding it down, I heard this tone... then the sleep light on the latch blinked for a period.
It then started up normally.
I continued to work with it, I installed Dreamweaver, and when it was finished installing, I entered in the Serial number, and the moment I pressed "continue", the screen changed to grey with vertical "pinkish" lines.... is that related to the two POPs?
I did some reading, and decided to try taking out the RAM, I have an extra 256MB to test it with, so I swapped out one of the RAM chips, we'll see what happens.
Can any of you guys give me any sort of indication as to what might be the problem, what I should test or look for?
Also, the POP sort-of sounded like a fuse that just popped, what could that be?
Thanks in advance for any help!

shut down like that is not very good.
power flows from the power adapter to the so called sound board, then to logic board and from there to display and the drives.
here you can check the warranty by entering serial number where it says "About Your Support Coverage"
http://www.apple.com/support/
see if it works from the battery with power adapter disconnected (in case it's bad adapter), or from the adapter with the battery removed in case it's bad battery.
otherwise you may wnat to backup important files and get it diagnosed by authorised service provider.
if the logic board was replaced recently, it will have 90 days part warranty from the replacement date.

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