I have never seen a "PMU so corrupt it will not recognize the power adapter." On the iBooks, if you pull out the battery and the power cord, that effectively resets the PMU as there is no longer a power source.
Some important considerations:
• does the ring around the power cord light up?
• does the light change if you apply pressure to the plug at the laptop? (yes? DC-in board)
• have you tried a different adapter?
• have you tried booting the machine with just the AC cord--no battery? (success? bad battery)
• have you tried booting the machine off of a known good already charged battery?
If the AC cord and the battery are both okay, then a successful boot from a charged battery implies a bad DC-in board; a failed boot implies a bad logic board.