Ithappened to my 60Glast week. As mine was out of warranty, Sony wanted £145 to repair it, so I took it into Gamestation and traded it for a re-con 80G model and it only cost £40!
You better hope Sony doesn't announce downloadable backward compatibility tomorrow (unlikely anyway in my opinion), otherwise the value of the 60G model will plummet and you will have to pay Sony's price for repair.
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