No yellow light of death, but my PS3 would not play discs at all, and I use the Blu-ray player daily. Basically, the main menu would come on, it would media search once a disc was inserted and then nothing. I spent an hour in vain trying to fix things including a system reset. No dice.

So, I called tech support, and the guy ran me through a series of holding the on button down. After two successions, it takes you to a menu that eventually asks if you want to clean your corrupted hd. And voila! Problem solved!

I kept forgetting a PS3 is just like a computer. I'd shut it off before the red standby light came on. Stupid me!

Now, I was going to go to Gamestop and trade my paltry 40 gig hd in for the most current, which is 240 gigs. But I'm told there will be a 360 gig hd available around Christmas.