HoooooooRay today my new power supply showed up for my PS3. I carefully tore it down installed the new components and re-assembled it. All the lights came on and it ejected my Killzone 2 disc. I have not tried it yet but i'm hopefull everything will be fine. I will update this later after I've played it to confirm it is in working order. :D :D

Update:

Ok I've tried it out And it's working great downloading demo's . I'm so happy can't wait for Uncharted 2 and Darksiders and many others.