Both the sled motor and the spindle motor are controlled by IC104. It has most likely burnt out, probably caused by the traditional jammed sled/gear. If you have a VOM, and want to check this out, monitor IC104 pin 8 (sled motor control). It should be about 5.5v if the system has told the motor to shut off. I suspect this will be correct. So, why then is the motor still on? Check IC104 pins 9 and 10. You will probably find one pin above 5.5v by about 1.5v (= 7v), and the other pin below 5.5v by about the same amount (= 3.5v). This puts the voltage across the motor at about 7v-3.5v = ~ 3.5v, which of course turns it on. If this is the case, then IC104 is almost certainly bad.
FYI, substitute pin 5 for control, pins 2 and 3 for motor voltage, when testing the spindle motor.
Charlie
Edit: It is clear, isn't it, that the same operation applies to the spindle motor as I have described for the sled motor?
That is, this is a generic description that is applicable to BOTH motors.
Edit #2: I should make clear that the difference between the OFF signal voltage and the ON signal voltage is only a few tenths of a volt.
Something like 5.5 vs 5.2. But this is the steady state; if you can watch the voltmeter when you press the PLAY button, you will see the voltage momentarily drop to something like 4.5v for less that 1 second.
If all this looks good, you will probably be better off checking with an oscilloscope....but you could also suspect the motor, which is obviously an easier path to take.
Edit #3: Umm, I assume you HAVE replaced the caps....right?
Charlie