URGENT PS3 Power problem

I have today turned my PS3 on and inserted Games disc Fifa 09 only for system to power down I now have a red flashing light on the power indicator and when i try turning back on it just beeps twice and light turns green/yellow then red flashing can anyone please tell me what has happend and how I can get my games disc back out

I have the same problem. Only that the red flashing light started right after I connected my ps3, so I havent been able to play any games yet.. No idea how to solve it yet. Did you solve yours??