Last night I was attempting to replace the hard drive that just died. I had the CC running for a while with the cover off. I didn't smell anything. I got up pretty close to the flyback, as close as you'd like to get while it's running, and I didn't smell that weird smell. I wonder if it only happens when the cover is on. Or maybe it's the fan that's burning out. (If that's possible). I didn't get the chance last night to run it again with the cover back on. So I'll check it again tonight.
In any case, I had two LC 520 boards that I think are dead. The flybacks look exactly the same. Anyone have any experience swapping them?