Balancing the power to each MB would be precarious at best in my experience. The other big problem that you will have w/o cases is cooling. You have to have a good amount of air moving over the processor(s) in order to pull the heat from the sinks. The most I have done this with is 5 CPUs, and I had one fan pulling from overhead.
As for power, using a micro supply will power the board(s) and a HD without too much trouble at 150W. look here
The cabling to power each MB (and drive) is such a mess, that separate supplies are the much better way to go.
-ScottL