Well, it had the amber light on it when I went to turn it on.  Went to green, made the chirpy sound and the fan kicked on - but no audio/video through the TV.  Also, the Wii Remote wouldn't sync up when I tried to use it.
It'll eject discs just fine.
I checked all of the connections - even pulled out my composite cables and hooked it up to a different TV.  Tried the 90 second reset.
When I hold down the power button, it'll power down as well.