Are you able to boot any other distro on your RPi?
I tried using the NOOBS installer too and came up with the same thing. On both pi2's. With every combination of tv, cables, power supplies. Ive seen this before where with openelec i skipped a step in the NOOBS installer where i forgot to paste a file onto the SD card. As soon as i did that it booted up. Except with this there is no "side" work you have to do. Just follow the buttons. But i have even tried on a pi2 that i have only used once or twice (purchased at the same time) and i get the same thing. All i get is a power light, sometimes one or two flashes from the (ACT) light and get the colored screen above. Which seems to me everything is working fine on the board side. Has anyone else tried to install using the latest img or even the 7.0.3 img? The img doesnt need to be extracted or anyhting like that before selecting it does it? But then if it does whats the sense of the "Easy" installation if thats not in the directions? <<Just Spitballing on that last statement.