Just playing an innocent game of Dark Souls... BAM! Red Light Of Death. It can happen to YOU! you! you! *ominous echo*

As it just happened to me

So the internet is full of crap when it comes to so called fixes and basically everyone who has the problem gets made fun of with witty comments about how dead their PS3 is. So I hereby call upon the trustful EoFF folk; what is your experience with the RLOD? Are you one of those mythical creatures who know how to fix it themselves? Or more importantly, is there a way to recover save files?

Assemble!