Don't waste your money doing that. It's completely unnecessary as you can get immediate rlod fix from http://www.ylod.net/
The first step to stop PS3 red light of death from blinking on your console is to check where you have your console placed. Ideally, you will notice the beginnings of a problem as the system starts to freeze up and act difficult occasionally, but if you are already dealing with the blinking red lights don't worry.
If you have your console down on the floor, check if the fan vent is against the floor. This restricts the air flow around the console and causes overheating. Get the console off the floor and clean out any dust that you see collecting on the console. If you have substantial amounts of dust and/or the console fan was against the floor, chances are your Ps3 RLOD was caused by overheating as a result of restricted ventilation.
Start now by removing the hard drive from the side of your console. If this doesn't work, then unplug the unit from the wall and leave it for a little while. At least a half hour later, plug it back in and see if you still have the fast blinking red lights. If so, then chances are you have a bigger problem inside the console that will need more in-depth corrections.
Again, this is no time to panic or consider the console ruined. RLOD can be fixed!
The only reason to send your console in to Sony to fix PS3 red light of death blinking is if you have a valid warranty and can have it fixed or replaced for free. Since most people develop RLOD after the warranty has expired, chances are this is not an option for you. The $200 charge plus shipping that Sony charges without a warranty is a complete rip off. Don't fall for it!
The best way to fix PS3 red light of death blinking on your console is to go online and find a good video and eBook program like http://www.ylod.net/
It will show you how to fix not only RLOD but a variety of other problems that can develop over time with this gaming system. These programs are very affordable and can be downloaded immediately. In most cases, you can fix PS3 red light of death blinking on your console in an hour or even less!
Ylod.net is the best site for researching and comparing these programs today. You can browse through a variety of programs and see exactly what each one offers without jumping from one program website to another.
Remember, your PS3 is never fit for the trash! You can fix PS3 red light of death blinking on your console, and you can do it without paying the big bucks to Sony! You already slid them at least a couple hundred dollars when you purchased your gaming console, so why should you have to pay them a couple hundred more just to have it fixed?