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Am I hosed? –
Hey guys, been away from the scene for a long time. I think I may have screwed up and hosed a PS3 here. Long story short, back when the PS3 was first hacked, a friend had me install the original 3.55 geohot CFW on his Fat system. He basically has rarely even touched the system since then, occasionally playing Snes9x and stuff on it. He says yesterday he put a newer Blu-Ray in it (Django Unchained specifically) and it prompted him for some kind of update when he tried to play the movie. He *says* he said No to the update (because I told him never to let anything update on the system), and since then the machine would not read PS3 game discs or Blu-Rays, though DVDs do work. PS3 discs/BRs do not even show up in the XMB now. He has wanted me to unmod the system anyway for a while now, so he brought it over, I formatted it and installed OFW 3.55. STUPIDLY, I forgot to check if the system was reading discs again, and allowed it to system update to the latest OFW. Now, it's updated to the latest OFW but it still does not read discs. What did the Blu-Ray update do, and am I hosed now that the system is on the latest firmware? He wants the system to be unmodded now, but there's no way to fix this without being on CFW now (which I imagine I just made infinitely harder by updating the system to the latest OFW), is there?
Sounds like someone installed something with a Cinavia update or similar which blocked your ability to read Bluray disks. I'm not really sure. The best thing you could do is send it in to Sony for repairs (alongside paying the $150 or whatever the current fee is). They could reflash it or at least offer you a different console.
Of course, the only way to fix it yourself would be to get a hardware downgrade to 3.55 OFW, install a CFW, then potentially remarry the BD-R drive or something similar. Without knowing what the update was, it'll be hard to say what actually happened to the console.
If you really want to save the PS3 I'd suggest sending it into Sony and being like "Oh yeah, I have no idea what's wrong with it... it just started doing that."