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Apostrovich said:
Huh.....that is officially the first report of a PS3 failing I have ever heard, actually. I read on Wikipedia that the failure rate was less than 1 percent, maybe this is the one percent. I've had mine plugged into a power strip that my Wii, tv, vcr, dvr, and PS2 are all also plugged into. Been that way for a year, no problems at all.
My first one actually failed.  I took good care of it, but one day it just...would not turn on.  The replacement works fine, but I haven't really used it at all (got the replacement a while ago)