Salty smell and flickering image

Hi,

last night i've been playing my classic xbox for like a 30min and turned it off. Everything was working fine. I woke up, turned it on, and immediately I could smell this salty aroma (typical for burning electronics). No flashing red light (its solid green), no errors its working. The problem is the image turns off every couple of seconds and then its back again. And there is this screen flickering lines.

Im using the same power cable that i've been using for my PS3, and not genuine component cable.

Any ideas how to fix it?

photo of the capacitor

New photo.

@jayeff @oldturkey03 @gigabit87898 guys, so I did a wee research, and apparently, that particular capacitor is responsible for keeping date and time (and is breaking more often than others). Do you think that replacing it would have any impact on my xbox performance?

@jayeff @gigabit87898 @oldturkey03 All right, so my 99,9% alcohol came in today (yummy) along with soldering iron and I've managed to remove any residue from the capacitor and the capacitor itself. Here are some photos.

Before the cleaning.

After the cleaning.

Back of the motherboard (the black thing is behind that fried microchip @jayeff was talking about - i think).

Im still waiting for the capacitor to come in so i can solder it in :)

Hi guys its me again

So yesterday, my xbox was working perfectly fine, but today its all the same: screen going on and off and flickering lines. I double checked that capacitor but it looks like its fine. Any ideas? Or should I just get new xbox :D

@jayeff @gigabit87898 @oldturkey03