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Raistline said:

This happened to my nephews 40gig model. I called around and no one at all can repair or replace except Sony. It is the blue-ray drive and only Sony has the drives used in the PS3 and refuse to wholesale them out.

On the bright side, Sony offers a free shipping option for this repair though.

 

Not true...

http://www.modsupplier.com/catalog/ps3-laser-kem400aaa-p-205.html

 

You can try to change it yourself, if there is no warranty anymore, you have nothing to lose.