Hay I have the same thing happening except the ps3 is used and there is know light that comes on the farthest it goes is the home screen then shuts of and I tried the vacuum idea and it didn't work
'Red blinking light because of HDD' I thought that, I had 320 HDD install on my 80 GIG PS2 playback PHAT PS3 since Nov 2009, it went Red Blinking. All on a Power Surge Protector Backup...just like my own PC which has it own. No dust, I clean it every month, Seriously. I haven't play much of games long and good since March 2012 after I finished NG 3 till now Aug. If I did, less than hour tops 3 time a month. 4 days ago, 1st my system won't eject the disc as I turn it on. After 3 attempts, I got disc out as I turn it on and press eject as it start up. I thought it just a glitch, because it worked fine, normal played Batman Arkham City for 2 hours. then yesterday, put DMC 4 on just select stage, then as it load up, boom shut off.. I noticed, the system wasn't making any noise not even the Fan noise or air blow at the back. So I took it off for bit, So I thought looog and hard like pc guy I am, I put in back the original 80 GIG on it, Works fine as I play DMC4 and Batman Arkham City less than an hour, then I left 80 gig in there. Thinking maybe it the hard drive doing it. 2 days later as in an hour ago, it went RED LIGHT BLINKING as I start it up.. NO DISC. Bottom line, it can be anything. Making a descion right now to buy the slim or take it Sony and get from there but no idea what they give me or not like back then I took my broken PS2 there and put down 140 for refurb. Dunno if they still do that.
Yea it just happened to me. I have the one with Metal Gear Solid 4 and 4 USB ports. I really love this style and hate the new one. I hope it works again
Mine just did it too. Been 30 minutes and red light still flashing. I bought mine 4 years ago and have been gaming on it constantly.