Well I just got hit. Will be 2 years in August. Disappointed as I bought ODST just to play the Beta, not to mention out of Netflix (netbook) and general gaming. Boo!
Sorry to hear that.
I got hit too when I got back from vacation (mine was a launch unit) just in time for the Reach beta.
There is a guy that will repair it locally for $75 with a 30 day warranty. For that price, I'd rather purchase a new system.
I've decided to wait for E3 before making a purchase decision in hopes of a price drop, slim, natal bundle or a combination of aforementioned.
In the meantime, I've finally purchased Heavenly Sword pre-owned, which came scratch-free with a new manual (I suspect shenanigans) for the PS3.