I have the 80 gb ps3 and this morning I tried to turn it on, it boots up momentarily and then I get a yellow light for a fraction of a second. Then a blinking red light. Worst part is my fifa 09 game is in it. Son of a bitch..anybody fix ps3's on here? My warranty is over so i'm fucked!! ..
Basically the CPU and GPU get disconnected from the board and need to be heated in order to re-attach. I have not had this issue yet......luckily. But many claim this works. Sony charges $150 to fix it.