Not looking good.
I initially had it plugged through the receiver, then tried directly to the TV. No image. Pulsing blue light.
To rule out the HDMI handshake issue, took it to my sister who has a working PS4 right now, simply unplugged hers, plugged mine in, same problem.
Found a fix online where you pull the hard drive, turn the PS4 back on, back off, and reinsert the hard drive again. No go.
I also can't even get it to go to Safe Mode. When i press power, I hear the first beep. Safe mode should be when I hear the second beep. The PS4 I have simply turns itself off.
On hold for 23 minutes so far with Sony support.
If for some reason your not able to get anywhere with Sony or find a replacement, let me know. The extra I was going to eBay will only pull a small profit. Currently selling around $650. Not nearly the $1500 I made on my extra PS3 preorder. I'd rather offer it up to a long time board member than make a small profit.
Let me know.