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The_God_of_War said:

Huh. Funny timing. Looks like I now have the flashing red lights of death or it's just overheated. It turned itself off twice, I'll leave it for a while then try again.

Edit: turns out it's YLOD. Looks like I'll be picking up a 250GB on Monday. Only problem is that MAG is stuck in the YLOD'd PS3...I was able to turn it on for a few seconds after the first time it switched off, I should have used that window of opportunity to eject the disc.

Flip the rear power switch off, hold the eject button when you flip the power switch back on. Keep holding it and the fan should run at max speed and your console will force eject any disc in the drive.