My Book World Edition I 500 GB - Swapping Motherboards, will it work?

I have a My Book World Edition I 500 GB (blue rings) that won’t power-up.  I’ve determined that the drive is readable and spinning, and my theory is that the system board is bad.   I don’t know that for sure.  I’m reluctant to spend $2000 for data recovery services, especially if I can recover the data on my own.  The problem is this HD is formatted for the proprietary WD system (Linux based), making it near impossible to read without the My World system board. 

Question.  I want to purchase a used (or new-in-box) My Book World Edition I 500 GB.  Then, pull it apart to obtain a working system board. I would then plug the mother/system board into my hard drive.  I’d Reset the system on the new motherboard (as if I was resetting the system and password).  Would I be able to read the drive?  Would that harm the drive in any way?

It’s worth a shot.  I can buy a used My Book World Edition I 500 GB (blue rings) for $60.  I shouldn’t have to spend $2000 to get data off a hard drive because WD made the drive format proprietary.  My solution, obtain the proprietary hardware to read the drive.  Will it work?  Thoughts? 

The majority of my data on the drive is NOT in the MioNet partition. I created a new partiion on the drive, only accessible to the local network.  Reason, the MioNet partition was just too slow.  The partition itself was unaccessible when MioNet couldn’t connect.  So, I created a new partition.  I never accessed the drive outside of my home network.

This is not supported or guaranteed solution by WD, but if the drive works, it should be seen by a Linux computer, otherwise you need to contact a Data Recovery company.

http://support.wdc.com/recovery/index.asp?wdc_lang=en