If you're really brave, YLOD can be repaired following instructions at:
YouTube - PS3 YLOD Fix Part 1 of 2
This is part 1 of 2 so you'll need to pick up part 2 when first video finishes.
This seems to be a known problem for the 60Gb Launch PS3s - see forum at
60GB Only Launch PS3 YLOD Victims & Info Thread - PLAYSTATION®3 General - PlayStation.com Forums for details.
Mine broke a couple of weeks ago and I sent it to PS Pros:
PS Pros - PlayStation Repair Services and Refurbished Systems
Marc as PS Pro is a good guy and was really helpful over phone and email.
It was fixed no problem for £65 but broke again a couple of weeks later. PS Pro are fixing again for free under their 90 day warranty so fingers crossed.
If it breaks again I may just buy another one. I wouldn't buy off Ebay or 2nd hand as you are likely to buy one that has had YLOD repaired.
Mine broke whilst playing Infamous (both times). Other threads have put the blame on COD so it could be the graphics intensive games that are causing overheating? Anyone else had similar experience with these games?
Any other thoughts welcome. Having spent a load of time looking into this it does seem that a load of launch 60Gb PS3s are now failing so please post on this thread if you have same experience.