said by danf:Do you have a power supply tester?
I only found my sleep problem by backprobing the connector on the mobo and seeing the 5v rail slowly lose voltage after I put the PC to sleep.
Have a Fluke and at least half a dozen HF multimeters

Anyhow, on a Molex I measured 5.04V and 11.98V, both steady within +/- 0.01V.
The PS is a bit dusty, but based on a cursory look, I can't see anything obviously wrong with it.
I think I might want to probe the power good signal. And I wonder if there is an ATX interposer that would give easy access to all power lines.
I'll upload the pictures later.