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Do a search in Google or Yahoo for PS2 Laser Calibration. The laser just needs to be recalibrated. Takes no time at all, is fairly simple and makes it good as new! I have a link somewhere but the proxy here at work blocks all my gaming sites. I'll post back later with a couple sites/links.
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looks like my ps2 has died, trouble reading the cd/dvd's and grinding noises... 

). I now lean the machine at an angel with a book - works a treat.