docholliday on 28 December 2009
The blinking red light is an overheating warning, I had mine shutdown similiar to what yours did. I switched TV channel to watch something else and came back to ps3 and it was off., then I got the blinking red light and had to flip switch in back to get it to reset. Soon as I started it back up the power supply blew, I could actually here the fuse pop.
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