Thanks for the pointers Sourcehound. I'd love to get it to boot off a CD just to verify however I'm having some significant trouble doing so. I've tried holding the "C" key down during reboot to no avail. Is there any other way to get an iMac to boot via CD?
I hate to say I found this forum in a time of crisis as today I experienced a minor 1/2 second power outage which was just enough to shut down my 24" 2.8ghz iMac and now cannot get it to fully startup.
When I try to restart all the farther it gets is a gray screen with no apple or spinning...