I replaced the board. It turned out it wasn't necessery, but I already purchased a new one. It was a cable problem - one of the cables that is soldered to the ATX connector was not good. I am still wandering how come the board did not burn :). Good hardware design, I guess. And I have to improve my soldering skills. :)
Now the stupid Lilliput touchscreen is not working. When I touch the screen the mouse goes crazy. I do not want to buy a new LCD only to discover pater that it was a cable problem :). I hate hardware!