Doesn' t surprise me, however it will be intersting to see how many do suffer this problem considering so many have went ot extremes and payed extreme and obceme amounts of cash to get one only to get the red light of death.
Price of a ps3 console at launch - US$600
finding out its nothing more then a paper weight (with glowing red light) - priceless!
j/k
but you would think that such an expensive piece of technology should at least be defect free for the first month or so, considering how few were actually launched.