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It's not the HDD; I replaced the original with a 320GB drive a few months ago.

I swapped the original drive back in place with the same load up error sequence.

At least I was able to get R2 out of the drive (FYI: on red solid light, hold eject for ten seconds for emergency eject, even on a dead console).

From what I've been hearing, Sony has been replacing original 60GB units with 60GB units. Don't know if they're refurbished, or old stock maintained for just such occasions. Figure with a 1% rate of failure, they didn't have to keep too many on hand for this.

I wouldn't mind an 80GB refurb even, so long as it played old MGS and SF games, which are really the only PS2 games I still play (okay, God of War, FF games...).

Worst case scenario, I still have a working PS2 sitting in a storage crate (a 2000 year original model no less).

I'd almost rather have a quieter, lower power consumption unit though.