If it turns out not to be under warranty you may be able to repair it (if you can wield a soldering iron).
Googling 'sheevaplug', 'repair' and 'fix' pulls up a few personal blogs that will point you in the right direction.
Eg
http://www.instructables.com/id/How-to-fix-a-dead-SheevaPlug/NOTE: rectified mains electricity is nastier than the normal, take great care if you go down this route.