at the end of the day, its a red light, so people call it both Red light or Yellow light of death. I got the so called Red Screen of death, i looked it up online and thats what they call it, had it twice after watching 2 dvd's this week. Yet my PS3 is still working. The RSoD as its been called has a red screen with so many different languages, one in english saying a serious error has, or has been occoured, please contact your tech support etc. I thought my PS3 was dead, but all i did was turn off, on and thats it. 3-4 days have past, still used it and its purrrrrrring like a good girl =], for now that is. If it dies, it dies, im outta space and have reset the PS3 back to its origional state many times, so losing game data isnt really going to affect me. Ill just replay the game again, just with a new, bigger hard drive. Sorry to hear about the death of your PS3, i wouldnt advise you call sony, ive heard many problems with them. Send it off, get it back only for it to break down, again and again, before you know it, you be on your 6th PS3 in 4months. =[
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