Hey Mike,
I had my Launch 60Gb PS3 go through the YLOD (yellow light of death) @ Nov 09 and took it to this guy in Melb.
http://www.ausgamestore.com/ps3/ps3%20index.html
Cost me approx $150, got it back the same day and he didn't wipe my hardrive! It's still working a treat 4months on and i keep it on top of my entertainment unit instead of inside one of the shelves.
Another group who tackle this problem are:
http://www.beetronix.com.au/gaming-c.../ps3-ylod.html but i think they might wipe your HD.
Seeing as you assemble your own PC's you might be smart enough to save some money and do this:
http://www.youtube.com/watch?v=U70SgRDVcBo (he has a further 5 parts to this repair on youtube) ( i wasn't cluey enough to even begin to try this!)
Little grab off wikipedia:
http://en.wikipedia.org/wiki/PlayStation_3
Normal reliability:
According to Ars Technica, the number of PlayStation 3 consoles that have experienced failure is well within the normal failure rates in the consumer electronics industry.[124]
However, the BBC television programme Watchdog aired a report investigating the purported "yellow light of death" issue, which affects about 0.5%[125] of PlayStation 3s. The yellow light indicates a non-specific hardware failure.
The program also noted that the PlayStation 3 has a one-year warranty (typical of most consumer electronics products). Out-of-warranty PlayStation 3 owners can pay Sony a set fee for a refurbished console.[126]
In response to the tone of the program, senior vice president and managing director, Ray Maguire issued a document criticizing the program and citing potential attempt to harm Sony and PlayStation brand, and stating that the numbers of faulty PlayStation 3 systems the program mentioned are not evidence of a manufacturing defect.[127]
Good luck with it all.
Cheers,
Jayse.
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