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From the description the processor ic has overheated probably due to the cooling fan failing, this a serious motherboard failure and unless you have extended warranty, you are further ahead replacing the netbook.
you dont need to buy anything from radio shack, the inverter that you have will be just fine. i have used smaller and im sure cheaper inverters with no problem. i keep my company laptop constantly plugged in and charging all day everyday running service calls.
There are no fuses in the thinkpad there are power transistors and i would think that the main transistor has blown. If a USB plug was faulty it is possible it shorted out when you connected the canera and blew the transistor. It could be quite expensive to have this repaired, especially considering you can buy a toshiba L300 for about $400.
I think that your cd burner is messed up. Try contacting Toshiba support, and asking them to troubleshoot it with you. This is the link for Toshiba support: http://www.csd.toshiba.com/cgi-bin/tais/support/jsp/home.jsp
I think it might have to do with Toshiba's OEM version of windows that is put onto the laptop. There is so many programs installed normally that i think theres system files that are incompatible with certain programs that require them. Probably a retail version of windows then installing just the drivers for the hardware and install just the software you want would take care of the problem in that way.
In the meantime though my other suggestion would be to use a program like Nero or Roxio Media Creator to burn your music onto cd's. That could do the trick.