My roommate's 1st gen 40GB PS3 over heated and gave him the yellow light of death. He decided to just buy a new one and sell the one that over heated. Not sure if anyone would be interested in buying it to fix it, but if you are he's selling the console w/ all the cords and what not along with a controller that works fine but has something rattling around in it and the Netflix disk for $50.
He also has a 15GB 1st gen XBOX 360 he'd like to sell. It's in perfect working condition along with 2 controllers that work perfect but do have cosmetic wear and tear, all the cables that come with it and 2 rechargeable battery packs for $150 if anyone's interested.
That's as low as he's looking to go on price so I don't think he'll really entertain any lower offers or anything, let me know if you're interested.