I had the same thing happen to our 1999 Expedition. My mom drove over a set of train tracks and the engine just died. On the side of the road, I tried cranking it over and over again, tried both sets of keys, but all the engine would do is crank and not fire. The THEFT light was blinking rapidly which indicated that there was a fault with the PATS system.
Even though you don't have the PATS system you are showing the same symptoms that the Expedition did, Good fuel pressure, Jolt Sensor is not tripped, and you hear the fuel pump when you turn the key.
Now the Expedition ended up going to the dealership, it turned out that the PCM was fired along with the Instrument Cluster (thats where the PATS system is on the Expeditions). They found that the insulation had rubbed off of some wires inside the dashboard, and believe this is what fried both computers.
It seems to me that you could have a similar problem with wiring because you say that the CEL looks like it is dimmer then it usually is. This could be from a short, loose connection, or ground issue.
The dealership replaced both the PCM and Instrument Cluster, and patched up the wiring on the Expedition, and it hasn't had a problem since, almost 20k miles now since it happened.
Also since there are no trouble codes given by the computer, it seems like you have PCM problems. Unfortunately the only way to really tell is to have the dealer run the diagnostics on it. In the Expeditions case, it didn't give any trouble codes, and the dealerships diagnostics equipment was unable to even get the computer to respond.
Good Luck