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no. light stays steady red. when it would come on after the trouble started it would blink or dim then i would press on again on remote control and the blue light would come on then the screen would be black and then the screen would gradually start showing scramble picture, then clear up to a nice picture, also the hdmi, vga ports don't work when attaching cables to those ports the screen would be blue and say no signal!
When you say power supply has failed would it be worth a try using a simular power cord from another TV or is this something with the TV.? also if not how much would the new componet parts cost for this TV. I had an issue with a polaroid tv that just needed a new fuse at the power source which cost a couple of bucks?