Bumping this thread because I have a similar problem. I bought my first 7800 recently, it came without a working power cord, I ordered one from Atariguide.com as recommended in the FAQ, and my 7800 won't turn on.
I've opened up the 7800 and tried following Mitch's instructions above. Assuming the voltage regulator is right at the top edge of the board, right below the nut used to attach the heatsink (?) and about 1/2" from being dead-center above the cart slot, then I'm getting nothing from it.
However, when I use my multimeter on the thingie (transistor?) marked MJE210, right between the power jack and heat sink, then I get a strong 11-12V reading. Furthermore, if I inadvertently bridge the center pin with either of the other two, the LED at the power light immediately comes on. I hope I'm not harming anything by doing that.
What steps should I take next? I don't have any soldering stuff, but I do have my multimeter at least. One other data point is that this 7800 originally came with a power cord from which the custom connector had been removed, leaving two bare wires. Maybe that offers some clue as to the previous owner's actions?
Edited by thegoldenband, Thu Sep 1, 2011 4:06 PM.