I reflowed my YLOD'd PS3 last week and it works... for now. Although, I had a 25min session on BoP and it returned temporarily. The main thing is you don't waste €160 sending it to SONY for a worthless 90 day warranty. Before you reflow you should probably try every other avenue just in case.
Some countries have Sale of Goods acts which stipulate electronics should last a certain number of years (5 in my country). You can try bringing it back to the store you got it from and see if you're lucky. Otherwise, look around your area and see if there are any third-party console repair places that do a proper lead solder reball.
I'm pretty PO'd that SONY and Microsoft were allowed sell a product that was essentially designed to fail.
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