Nope, had mine for about 11, maybe 12 years now? I think I got it in 2008. But no, still no yellow light of death or destiny or destruction or dream or desire or despair or delirium. Had to buy a new controller once tho.
Did you get the Metal Gear Solid 4 bundle? That's what I'm still using now and have yet to fall victim. Only 32GB of storage or something, but it's never been a problem and always done the job.