The PS3 is a smartly created gaming machine. If your PS3 won't turn on anymore and it keeps blinking the red light, then you can still save your PS3. You need to check and be sure that when you power on your PS3, the green light comes on, then there is a beep, then the light immediately goes from green to yellow to red and continues to blink. If that is the case, you have acquired the YLOD. If not, then there is something else
if you ps3 is under warranty then sony will fix it for free but if it's no more under warranty then sony will charge you $150 if not and you want to repair it on your own then read this mannual.
Hope this helps
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