Well, I bought a used 20gb PS3 and it has the yellow light, then 3 beeps and flashing red problem. Sometimes (after not powering on the console for awhile, I can get the unit to stay green for awhile, but then it will go back to the yellow/red light.) Unfortunately, my serial sticker is gone and Sony refuses to even do an out of warranty service on this unit.
I found this tidbit on the playstation clinic website:
I am sorry to tell you that The Playstation Clinic has decided stop accepting Playstation 3 consoles for repair. Sony will not distribute parts, and the unreliability of the PS3 causes us to not trust used Parts. Also, the parts are so few and far between, the price is rediculously high. Supply and demand economics at work. We refuse to further add to the frustration of the PS3 owners by putting an unreliable part in the PS3 and have to charge over half what a used PS3 costs these days. Again, please realize we have worked on PS3 enough to know that the PS3 is very unreliable due to the Cell Broadband Processor getting too hot. The heat transfer compound that accelerates the transfer of heat from the Processors to the cooling system will dry up. This happens after about 8 months to 1 year of normal use. What will happen is the processor will get hot and trip the PS3 off with 2 beeps and a red light. The heat is so intense and it cannot escape fast enough destroying the Cell broadband Processor or some of its cores. The result is the temperature overload sensor inside the processor will not allow the PS3 to turn on. We are anxiously awaiting Sony to release a Cell Broadband Processor that stays cool. Sony may not report that they have developed a new processor due to liability risk of admitting that the existing Processor gets way too hot. The Cooling system is the most elaborate system I have ever seen and should keep the processors cool, but the transfer compound is common and is not designed to handle the constant high temperatures. I believe the Compound is silicon based and a phnomenon called Silicon migration occurs causing the compound to dry up.
You can call us at 864-275-2762 to ask for assistance with problems and we will do our best to help you find a solution. Sony may repair your PS3 and I believe the latest rate for repair is $150 plus shipping which is about $25. This is the best deal going and hopefully Sony has redesigned the Processor for cooler running. You can get service from Sony by going to www.playstation.com or Calling Sony at 1-800-345-7669
Anyways, I was wondering if anyone had successfully repaired a PS3 with the yellow light issue. Thanks in advance.