We were able to 'hack' in the supported Power switch using the PS_ON header point on the RAMPS v1.4 board. All you need do is solder a three pin header near the reset switch. The header solder points are labeled PS_ON, 5v, and Vcc. To make it fool proof we actually soldered pins only to the PS_ON and 5v pins on the RAMPS board.

Then we attached a three pin connector to the green wire coming from the ATX power supply (PS_ON). We plugged the point corresponding to Vcc on three pin connector - this makes sure that you couldn't get the connector turned around.

This really isn't a hack, as it is supported both in Pronterface and Repetier using the Marlin firmware. When you hit the 'power' button it actually sends an M80 (on) or M81 (off) command to the printer. The firmware then brings PS_ON low (turning on the power supply) or high (turning it off).
You can verify that everything works by hitting the 'Power" and 'Fan' buttons on the 'Print panel' tab in Repetier Host - the extruder fan should happily spin on...
Good luck with your modding,
bill.gertz