Sony replaced my 60GB PS3 for free outside of warranty, why should you be different? I feel they do have some obligation to early PS3 purchasers who paid a higher price for a less reliable system. They should want to send a message that you can purchase a PS3 system day one and have them still support you for it.
The 60GB PS3 uses something in the order of 200W and has a fragile Blu Ray Drive. It makes sense that a significant number of early adopters will suffer hardware failiure, especially if they use it a lot. I feel they should do the right thing here and repair it.
Go for it dude! 
Tease.







