OK, lets try something different - cut (or desolder) that S1 jumper, connect a 9V battery to AV+/G2 and measure voltages again. If windows is crapping out on recognition, the PCM might be blown. L12 might be getting really hot if it was having a HUGE current being sent through it, which is what windows is saying. Hmm... come to think of it, use a safe battery like NiMH/Alkaline, NOT lithium.
Note: Also, 720F is pretty hot for SMC work, you sure you didn't cook that PCM?