Thanks to everyone who responded, I really appreciate it.
zetski210 The firmware is pre-recovery mode, so the the PS3 doesn't have it (tried it multiple times, and nothing, works on my other PS3 with high firmware), but thank you.
HeyManHRU It was failing at 70-80%, and I'm sure it was the bluray drive preventing from completing the update, I did try all the wires, original A/V cables that came with the PS3, and other ones from my PS3 and my brother's PS3, and nothing (also the A/V cables from my uncle's PS3 work with my PS3), but thank you for the help and link.
Foo I don't have but I'll try using a SATA cable to format if when I can get a hold of one, hopefully it will work.
zetski210 I don't have a USB caddy, but I could try the Linux live-CD and format, thanks again
Thank you all for your help, hopefully something can get this PS3 working again. Here's some more info, when I turn the PS3 on (light goes green) it stays on for only 50 seconds (timed it) then turns off (light goes red).
I also forgot to mention that the bluray drive didn't read discs (laser issue I think) and my uncle took it to a friend who tried to fix it but couldn't.
PS: Does it mean anything if I re-fitted the bluray drive's ribbon cables and the eject button now works?