This is an odd one, it happens a lot when playing a DVD or bluray, but not that much when gaming.
The screen goes black for about 1-3 seconds.
When playing a film this will happen about once every 5 min on average. When playing wipeout in full 1080p it only happened once in about an hour.
I've tried turning it down to 720p, even using it on a different TV + cable, same result.
Any suggestions before i try the nice people at sony support telling them my launch day PS3 isn't working?