XxWormholexX
Maximum Game

It will cost $150 plus applicable taxes for the repair if you are not in-warranty. (If you are in-warranty, the repair is free)

It usually takes approx. 1-3 weeks for the repair
You will most likely receive a refurbished (like new) console for the repair
Includes 90-day warranty
You will be unable to recover any saved files from your dead console unless you backed up the hard drive. However, all PS Store downloads are available through the PS Store for re-download. Also, all PSN activity (friends list, online multiplayer stats, etc.) are saved on servers and will be automatically recovered once you receive your new PS3.

I heard ebay has good repair options. Here is some text copied and pasted from thread I linked you to below . . .

If you need help as to what to do after the YLOD you only have 3 options: Buy a new PS3, start the repair process through Sony (which means you will receive a refurbished PS3), or repair your PS3 through a 3rd party. There are a couple things you need to know for the repair process through Sony:

Read the following topic thoroughly, very helpful . . .

http://community.us.playstation.com/message/511178

OMG! :O

Sorry to hear that. As for repairs, from what I always heard even if you get it repaired your data is still lost unless you backed your data up to storage device. Repairs dont save your data, only your PS3. Sorry!

I will tell the others. I too always have a fear that my PS3 is going to get the yellow light of death as it happens to many.

I don't own a drawer. Only a secret dungeon with many secret traps and secret guards that act very secretive. But that's a secret. Shh.

well i don't think it's just you that needs to apologise fella. there were plenty of rude replies that were not necessary at all

PART 2:

Get people posting bug reports who are actually in the beta and wait and see. No one wants to see their levels ruined, and all of us are a little bit wary about this porting. Personally I want to see LBP2 come with LBP1's rendering and simulation engine, so that LBP1 levels are guaranteed backwards compatibility. It's been raised with MM a couple of times, but I honestly don't know what their thoughts are on that.

Anyway, hope you understand that I'm not gonna view the actions of one or two people as a reflection on other people with similar tastes

I do understand mate. I genuinely understand how passionately you guys feel about this and as I posted in the thread, I really don't like the way some people jump on the "Pro" community for stupid semantic reasons, just to wind you guys up.

It is a shame, because every time the topic has come up, there has been one or two of the people being very vocal and very agressive and kind of setting themselves up as the spokespeople for the Pro community and when the thread tumbles down into the depths of petty squabbling, that's what people remember of the "pro" community, especially when there is this supposed divide ("us and you", a view which seems to be perpetuated by people on both sides). IDK.... Just rambling now, it just seems so pointless.