Funny how we're finding ourselves several in the same case !
I've juste got my neighboor's MDD G4 this afternoon with the exact same symptoms.
As I had already seen this with a Dual G5, even if it's not the same box, I really think it's a PMU related problem (or maybe SMU if it already has one ?).
Unfortunaltely, the docs available are never about this peculiar type of G4, always for former ones, so I cannot really be sure of the right way to reset it's PMU. As it has a PMU reset button, the procedure should be : pull the power cord off, evenutally take back the battery, replace it, push the reset button, and wait at least 10" before pluggin the power back.
I also tried the method for those boards without reset button : 10 minutes without power nor battery, replace battery, et voilà . This lead me to a totally non fonctional computer : no light no fan nothing. Then reset PMU the first (and normal) way. And only got back to : fans up, light when button pressed, drives are checked by BIOS, but nothing boot. The computer can be stopped by pressing long time on the power button.
Anyone would have an idea around here ?
Michel