I had a problem with this, same model ps3 also, its the fan thats making such a loud noise. I didn't experience any gameplay problems with it but its not normal despite what some people are saying. I've had 5 PS3's and only 1 has done this and it was one that had been replaced and "fixed" by sony. My advice, what I did, is call them up and tell them that your PS3 keeps crashing because the fan is making a loud noise and its overheating and they'll send you a new one. It's not a serious problem it probably won't overheat but it is very annoying and should be pretty silent. That was my experience, hope it helps :)
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