Sounds like the drive is pretty well hosed. If the drive is clicking it's probably not the circuit board that is causing the issues. I've had some luck by putting the drive in the freezer (I know it sounds crazy, but bare with me a moment). You put the drive in a ziploc bag and try and get as much air out as possible (this is to reduce the amount of condensation that gets on the drive). You then put the drive in the freezer for at least 20 minutes. When you take it out and hook it back up you may be able to get the computer to recognize it to get some data off.
There will be no way to permanently fix the drive. You will probably need to RMA it to Seagate. That drive should be new enough to still be under warranty. If you pay $20 Seagte will send you the replacement drive first and then you send them the old one back in the prepaid box. This is nice if you don't have another drive to back up the data to.
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