I think that is the HDD stopped being read from error, so it might not be the actual PS3 it might just be the HDD or it just over heated.
End of 2014 Hardware Predictions (03/03/14)
PlayStation 4: 12-15million
Xbox One: 7-10 million
Wii U: 8-9 million (Changed 01/04/2014 from 7-9 --> 8-9 million)