I'm using 350W between two mobo's and I don't know what would happen if I stretched it to three.
Theoretically, the psu only needs to pump out serious wattage when each layer powers up. So if you powered them up one at a time, you might be able to sneek three onto one psu if it was a higher wattage.
Give it a go and fill us in as to what happens. There's a small chance you could fry the psu, but it's more likely that the mobo just will not power on or the OS will dump because of the lack of power.
Also, make sure you have the least number of drives you can. If you go diskless with that system it would seem to work well. I'm using a modified Yatta and using hard drives but no cd-rom's or floppies except when I load the OS.
Try to use mobo's with onboard vid/lan too. This will cut down on the power consumption.
Wedo