Ok guys/girls, i found a guy wanting to sell me a phat model ps3 for 50 dollars, the problem is he says when you turn it on, it turns right back off beeps and just blinks a red light. I havent done a whole lot of ps3 work myself and google has mixed answers to what this could be and if its fixable. my question is, what is it most likely, can it be fixed (perminently), and is it worth 50 dollars? its only the system with power cord, no av's or controller. he says he is 40 and isnt into gaming so he doesnt know anything else about the unit. any help or input is MORE than welcome!