I found this which provided some clues..
http://www.korgforums.com/forum/phpBB2/viewtopic.php?t=23125&postdays=0&postorder=asc&start=0The audio in LEDs coming on just basically indicates that the 5v rail is working.
The issue is that the 3v3 rail is not.
I checked the pwm switching chip and found it to all be shorted and passing 9v straight through :-(
The fet also seems suspect.
And the fuse between the switching chips and the 3v3 circuit is blown.
I applied 3v3 to the after side of the fuse, and all that happed was that briefly one of the switches lit up, and then nothing, except the CPU got hot enough to almost give me a 3rd degree burn.
So it looks like I need to source a replacement CPU, and the 3v3 switching components.
I am hoping that only the CPU got blown, and it protected the ram and flash chips and the DSP etc.