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[megaglow_z]

Mine did the same thing, but i formatted my hdd in a laptop.
Then had the ps3 it was going into reformat it.
What mine was doing, was it would say it was corrupt press x to format or something like that.
Then sit there for 10 Min's formatting, dump out and reboot itself.
I did not have a sata laptop to format it with, so i took it to a pc shop on a Saturday and they did it for free."they were bored"..lol
All they did was quick format it.took 3 Min's tops.
When i put it back in the ps3, it said it needed to be formatted. did not say corrupt anymore.
Works fine now, that was 2 years ago.