I just bought a Japanese 20GB PS3. I have it plugged in via the component video cable and when the system is turned on, the icons on the menus flash on and off. This gets worse during gameplay. When I am playing a game, certain things in the game's environment flash. This also happens on DVD/Blu-Ray menus. However, the movies themselves play without a hitch. This problem also occurs when I hook the system up via HDMI.
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