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I had this similar problem TWICE!!!. I called around for a repairman and they charged over $300 dollars to repair (HELL NO). Anyways I took a trip to Vegas hoping to win some of the money to repair it and left the TV plugged in and BLINKING during my trip. When I came back it was not blinking anymore and I got curious. Well I pressed the power button and to my surprise IT TURNED ON!!!!. A month later I moved to a different house and unplugged my TV to move it and when I plugged it in the DAMN BLINKING GREEN LIGHT OF DEATH was back. Well I thought I'd get lucky again and leave the blinking on, well 2 days later the blinking was gone and ONCE AGAIN MY TV WAS ON...... I hope this helps and works for other people. My point is, before you pay for a technician to repair it and before you give up on your TV and unplug it, Try leaving it on BLINKING for a few days and see what happens.
If the LED is constantly blinking green and the set wont start you there is an easy fix. you need the reapir kit called Mitsubishi V23 DM repair kit its abailable at the following link and has the parts and complete instructions with pictures so you can do the repair yourself. Heres the link its listed under repair kit catagory and its the V23 DM repair kit. http://servicemanuals.vstore.ca/