It sounds like yellow light of death. If you answer yes to these questions then thats what it is. I have a step-by-step instructions on how to fix it.
1. When you turn your console on, when it turns off does it beep 2 to 3 times before shutting down?
2. When it does shut down right before it does pay attention to the lights, do you see a yellow on blink once for a split second?
3. Afte the console shuts completely off does the red light just sit there and blink?
http://www.fixya.com/support/t8396931-ps3_turns_ok_but_turns_itself_off_after
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