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My launch unit stopped working a bit over a year after I got it. January 2008 or so. The PSU straight up died. I couldn't get anything out of this system. No lights whatsoever, and my copy of Ape Escape was stuck in the system. Sony sent me a refurb for free since it was a launch unit, which was nice of them, and they sent me back my game as well.

The refurb they sent me broke down in June or July of 2009. The Blu-ray drive's motor died, so it wouldn't read any discs. They simply wouldn't spin. I had to pay $149 to get them to send me another refurb that time, and the new refurb has a bum fan that whines quite loudly, even on lower speeds. It also gets absurdly hot. Surprisingly, and despite sounding like it was going to die from the day I got it, this one's lasted the longest of all three systems. *knock on wood*

Whenever they release a unit with Wireless N for $199 or lower, I'll upgrade and pass off the unit I have now to a friend.