Never buy a PS3 from ebay

*UPDATE*
I got it replaced by the seller. But the first one should of worked... the seller's name was expo-digital on ebay (http://myworld.ebay.com/expo-digital/) There packing also sucks (they slammed the ps3 system in a bunch of peanuts within a box) so I wouldn't rely on getting anything expensive like this from them either.
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I got a 60GB PS3 from ebay for $350. It worked for one hour until this happened. Thankfully, the seller is going to exchange this PS3 for a "working" one, thank god. Anyway, the PS3 was tested with composite, component, and HDMI cables and it only stays on for a few seconds before freezing.

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