Yeah sounds like it to me. Does the PS3 look like its working normal from the unit (green light), just that TV does nothing?
After trying to reset the output with no luck then it makes you think that its the PS3 version of the xbox360 audio no video fault.
at this point its a good idea to try and reflow the board (if your out of warranty), I have fixed this problem on about 6 PS3 units for the same reason.
http://www.youtube.com/user/ohiocitysales#p/u This is a good reflow guide from youtube, 6part videos and the guy knows what hes doing.
Hope this helps.
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