I have a slim with pulsing blue light for 55 seconds (everytime exactly 55). I cant go into safe mode (no second beep). Also the fan starts for a second and stops. Have you encountered this kind of problem?
Amazing, mine stopped playing cd games in december, and still under (extended, crap) warranty, though they can't seem to find parts, ie a full mobo+disc drive to replace it. They were befuddled, first they'd seen like mine, but then seeing this tells me the hardware is obviously shoddy and not built to last. You're right, I was thinking the same, they're going backward to the ps3 (and xbox) with ylod and surface mount chips popping off boards.