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Thanks for the info.
Solid red status light indicates lamp failure and unfortunately cheap lamp from Amazon or ebay etc wont last longer, we see this issue here on daily basis, please contact the Amazon lamp supplier and ask for better quality replacement lamp if it was came with any warranty.
Rest of your TV seems just fine and all it needs good quality lamp.
OR you can buy Mitsubishi original replacement lamp directly from following Mitsubishi parts where it is available for $119..
I trust my input will help you out. Please feel free to respond if you have any additional questions.A positive rating to answer would be greatly appreciated, please click on smiley face/star on this page then click submit/finish button so I can get credit on website for my work. Regards,