You have it hooked up backwards. The striped wire is positive and solid black wire is negative. Test the wires and it should verify this.
Now how do I know? I had a 701 as well and did the exactly same thing. It'll put a huge strain on anything you hook it to or blow fuses. On the 5th time of trying it, poof! Smoke from the middle of the control board and no more lilliput. So sucked it up and ordered a new new 629 this time because I thought it was a bad monitor. This time I tested the wires because I was extremely paranoid and that was my cause.

Sucks, but **** happens. Hopefully this will save one of you.
When you sent yours back, was it taken apart and seal broken? Just curious if I could actually send mine back or suck it up to experience?