Jeroen,
The Xseerve is failing to pass its most basic tests. First thing I would do is reset the PMU.
a) Slipe open the case far enough that you can see the power supply.
b) Using a #2 pencil press the PMU reset button located in the little bit of circuit board visible between the processors and the power supply. The button is about an 1/4" to 1/8" round gray disc.
c) wait about a minute then power up the machine, since the Xserve does not have a speak the boot-beep equivalent is both rows of leds lighting up in sucession, do you see those?
If PMU reset does not clear the problem then you are probably looking at a low level hardware problem like a CPU, motherboard or power supply.
--->Steve