I'm running into this bizarre behavior for the last week with a dual 2.5GHZ G5 (6GB RAM) that has worked reliably for a while now. I'm running 10.4.6. The only thing preventing me from upgrading to 10.4.7 is a number of FCP projects I'm working on right now.
I'll be doing something in one or another application (Safari, Final Cut Pro, Photoshop, DVDSP4, Mail, Word, etc. doesn't seem software specific and yes, I own all of my software) and then I'll notice that the screen has literally frozen in place. No spinning ball of death, no cursor movement, no kernel panic message, and I can hear from my machine a soft high pitched sound that lasts for a couple of seconds. I'm left with a machine that needs to be forced to shutdown. When I restart, everything is fine.
I've run Diskwarrior and Drive Genius. My SMART equipped HD checks out as fine.
Then, yesterday evening, my 23" monitor (which I'm running using an ATI X800XT) turned off all on its own and the Power button started flashing, not like in sleep mode, but rather in bursts of 3. And the machine was unresponsive again.
So, whatever's going on seems to be getting worse. I'm going to call AppleCare but I also thought I'd tap into the knowledge pool here and see what you guys think I'm dealing with. Faulty logic board?