Lucky you, it's like the worst feeling ever, especially this gen with a ps3. Cause not only do you lose $200-300 to nothing, but also all of your saves.I've owned quite a few systems throughout my life, some of them were shared with family but for the most part they've been solely mine. I've played them for varying lengths of time, 100's or 1000's of hours.
I've treated them like crap, tossed them around while moving cables, dropping them, banging them against things, leaving them in dust riddled locations, stuffing them into drawers with other crap, bringing them out again, having them dragged down to the floor by the family pet - EVERYTHING, you get the idea.
I see so many folk with stories of systems that stop working, especially with the last generation we had. Just what the hell are you doing to your systems? Stop bathing with them.
But in reference to the question you're asking, all my systems were lost because of manufacturer errors, at least imo. The gamecube and ps2's disc drives wear out from regular use after a few years. And the ps3... oh boy, I bet you went 360, or are just a few months away from knowing my pain.
The ps3 is built to fail just after it falls out of warranty. With defective thermal paste, on top of non lead sodders, you'll start experiencing overheat problems around your second year of ownership. Enjoy that.[It's happened to everyone I know who's owned a ps3, 4 people including me]
Now, I'm off to go sit in the freezing cold for 5 hours in hopes of replacing it this turkeyday. Happy times!