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I believe yellow light means something failed. It doesn't mean anything in specific failed, could be an hdd, the bd drive, the cell, the psu, w/e. I'd say for what the YLOD represents, it's got low enough occurence rating. At least it's not always the same thing from system to system like the RROD. When I got the light, I just ran a quick diognostic and took an interface board off a BD drive of a scrapped PS3 someone gave me. I'm thinking slim is the way to go, it's lacking a few features (less stuff to fail) and is supposed to be more energy efficient and I think I remember reading somewhere that the slim is supposed to run 70% cooler. The top of the BD drive in my PS3 get's hot enough in five seconds of up time that I don't want to touch it.
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