IMHO
"Use 3 x AA batteries while taming your circuitry!" should be boldly stated on all PICAXE parts orders & kits. These global standards last ages,are dirt cheap, abound as rechargeable NiCd/NiMH & naturally allow project portability. 2, 3 & 4 x AA switched battery boxes cost ~$1 & are the neatest battery containers going- "PICAXE perfect". The box designers should get a Nobel Prize!
Folks that use grunty ex PC PSUs, often capable of delivering 20A at 5V,are just asking for trouble when dealing with 3-5V ICs that only draw a few mA. It's perhaps comparable to using an arc welder to recharge a 12V SLA, calling out the fire brigade just to water the vege garden,or using dynamite to clear out cockroaches. Horses for courses guys!
EXTRA: Best not get me started about costly short life 9V batteries & 7805s! I regularly see schools STILL using these for general electronics work, with resulting $$$ flat battery woes when circuits are left on overnight. As mentioned endlessly before, many junior schools (here in NZ anyway) budget only a few dollars/pounds per head for take home electronic projects. Even when PICAXE powered,a 9V battery can represent half the B.O.M, & when flat may nickel & dime the poor kids to death replacing them. Worse still, they may rob one from their home's smoke alarm & leave the place tragically vulnerable...
Stan