Awesome consoles, I suggest you try explorers of sky too, it's awesome with the new features and Blue rescue team red rescue team are basically the same.
A dude told me here that the PS3 also has its own yellow light of death where that little green power indicator turns yellow for a half a second, and then shuts off after beeping three times. This happens for the same reason why the red ring of death occurred on the Xbox 360, the lead-free solder cracked and disrupted the connection between the processors and the motherboard, and the system can't work after that.