Wow I can't believe after reading some of the content on here I decided to try and woolaa it actually worked! Kudos to alot of you guys...I already had packed and ready to ship it back to Amazon...
After a few hour troubleshooting last night I decided to pack it up...I couldn't load a disc..it just made that grinding sound like most of you said where it would accept a disc...well this morning I put it upside, power it back up, booted into safe mode, reloaded the firmware, reboot again and that made it worked!
I just finished 2 games of Madden and its working like it suppose too...!
My drive continuously tries to eject with every disc game.
I solved it by powering down, standing the system vertically, powering it up, and putting a disc in. If I try to lay the system back down it has trouble.
However, it was working fine the first night. I'm hoping this is just a bug that came with the latest firmware mini update?