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First of all you should be running a 550 watt PSU minimum for that system
I would get the mobo replaced (that model is decent) then get the Antec Trio Rail 650 watt PSU from Newegg they are about $99.00 after rebate!
that will put an end to your miseries
PSU's that dont put out clean stable voltage can cause all kinds of weird problems and burn up components too. Its very hard on a motherboard's voltage regualtor when a PSU is delivering lower amperage than what is required by the set-up
goodluck
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