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Well my ps3 is dead and nobody on the internet has a solution.. Im thinking its the power supply but I got the ps3 for free so Im just going to buy a new one once they are back in stock.

Im getting the flashing red light.. (NOT the yellow overheating light) it turns on, beeps a couple times then turns back off.
 

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If it was the power supply it wouldn't turn on at all, sounds like a short somewhere. Send it in to Sony for a replacement, ~$160 and you get a refurbished model. Cheaper then a new one - if you can't wait then this way you get a spare/back-up.
 

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1st off **** Sony! Do NOT pay $175 for refurbished GARBAGE. It will NOT be your console you get back and you will lose all of your precious data. No internet solution wtf? I use the guys at WiredExtreme to fix ALL my PS3 woes. I've had everything from no disc reads to power issues to the YLOD and it's ALL repairable. Plus they offer damn good warranties on all repairs. Also PSR1 is a badass repair place as well.
 
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