My PT-D5500U will show the red light when the power is plugged in, when I turn on the other power the power light will go green for a moment and then start blinking red. No lamp comes on and the fan gets louder. It runs like this for a few minutes and then powers itself off. This paticular projector has two lamps in it.

Sounds like an internal power issue. Usually a red blinking light is a fatal error, such as bulb or capacitor.
Follow this link and scroll to page 100 to begin the troubleshooting steps.
http://service.us.panasonic.com/OPERMANPDF/PT43LCX64.PDF
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I have a PT-D3500E and it does exactly the same as your projector. When setting contrast mode to high, the picture gets darker. I think this is o.k.

I mounted the old bulb bubl frame but do not know the set time of 000h

the problem is a known "bug" by the manufacture, which is due to low temperature issue that's detected by the processor of the projector. it will require a firmware upgrade. i'd recommend getting in contact w/ their tech support.

http://www.panasonic.com/business/projectors/ss_techsupport.asp

hello make sure the lamp is fitted securely and the lamp cover aswell

regards
shaun

If the light flashes red 2x's its a problem with the lamp. That's all I know. It's happened twice to me.

yeah, should stay red when unit is turned off, indicating there's power but it's doing nothing.

Per user manual:
Solid red - power off (standby mode)
blinking red - power off (now cooling)
blinking green - power on (preparing to light lamp)
solid green - power on

Is this for a ps2 or ps3?

Hey Ben, The TV is alerting you it is about time to change your light bulb, it will keep on doing this until the light bulb just dies.
Order your Bulb via On Line at any of the places, there are different prices, but average for the authentic one with the chasis included is @ 260.oo and only takes @ 5 days to get delivered. You can save up to 140.oo if you just order the pure light bulb, and go the extra mile changing it, I just explain someone how to about it, only takes you 30 mins. Good look, I hope I get help for my problem too.

You need to get the ballast repair kit #LSUC0002 and replace the parts to your ballast.

I have the exact same TV, did the above this past weekend, and the TV works like new.

You need to know how to solder though. It's not that hard.