Yellow light to blinking red light? Help me please.

Hey guys,

I was just playing SF IV on my launch 60 GB PS3. I've never had a single problem with the system other than maybe 1-3 crashes where I've had to restart my system. Seriously, nothing ever serious. I was doing the trial mode with Zangief when all of a sudden it froze......and then my system just shut off and the red light started blinking.....I had to shut it off from the back. When I tried to reboot my system it turned on and gave me a green light but then quickly switched to a yellow and then began blinking the red again.

Is my system ****ed or is there something I can do?

Thanks!

-Yourstill

Yeah, some call this the YLOD (yellow light of death)

Phone sony to get some advice. I don't know how to help you.