Well, guys, I managed to eject the disc.....I reset the ps3 by pressing the power button for more than 10 secs or so and it started with all the settings reset. Then I kept the eject button pressed for about 1 and 1/2 minutes and then the disc came out.......
Once the PS3 was reset, did you went ahead and adjusted the settings and then pressed the eject button? Or did you pressed the eject button till it came out?
Also, did yours made weird noises when you tried to eject it? When I try to eject mine, it made some weird noises as if something was in the way and blocking the disc from coming out.