OCZ EliteXStream 800 Red Light of Death?

Turned on my computer last night to download a driver for a computer i was working on, transfered it to a thumb drive and left to go back downstairs. Came back about half hour later and my computer was off. I tried hitting the power button and nothing happened. Looked at the back and saw the PSU had the red light on. So I unplugged it, plugged it back in and had a yellow light. Hit the power button, the power supply made the noise it usually does before turning on, like a shocking sound I suppose, high pitched chirp, whatever. The light instantly goes red. Motherboard lights are on. Nothing else happens.

Just wondering if it is toast or not, kinda sounds like it is. Its still under warranty I believe since I have only had it for a little over a year. Is there anythign else I should do before I send it in for a new one?