I have rebuilt a number of these and the problem is that all the surface mount electrolytic capacitors leak electrolyte all over the circuit board and it corrodes the board. it literally eats all the traces away!
To repair you have to be VERY skilled at SMD rework. you have to remove all the caps, CLEAN and CLEAN and SCRUB and CLEAN the board again to remove any trace of electrolyte and believe me you cannot clean it enough. If you touch the tip of your soldering iron to a pad and get a stinky fish like inner tube smell. you haven't cleaned enough!
Then inspect EVERY trace with a microscope, you will find many that are corroded and some that are no longer there. using very fine kynar wire wrap wire, you have to rebuild every trace. then replace all the caps and cross your fingers that it works when you are done!
and then, there is no telling how much longer it will last as inevitably there is still electrolyte under the parts you didn't remove and it will ended up eating other traces and the unit will stop working again.
The ONLY real solution is to replace the whole tone board assembly!
Overkill audio inc., January 2012