Just over 1 year of faithful service and one week after my warrenty expires my PS3 finally decides to break. Thankfully the wonderful people at Sony UK have taken away my black box and are repairing it for free anyway which is pretty awesome. The issue is an easy fix the Blu-Ray laser in my drive has decided it doesn't like to fire anymore and it needs replacing and when I take into consideration that I use my PS3 daily and also that by this timeframe when I was using my Xbox 360 alot I was on my 3rd one! Then in the big picture it's really not that bad at all.
I just hope they get it back to me a damn sight faster than Microsoft did, they have told me it will be no longer than 10 working days but also to expect it back way before that time as the fix is quick. So fingers crossed here :D