Looks like there are loads of problems going on with the new PS4. As an Xbox fan, this is what we dealt with when the 360 first came out so I honestly feel your pain. It sucks to buy a console, be super excited about it, and have it break only to have to wait for a shipping box to arrive, ship it back, wait for it to be repaired, etc. Hopefully they get this all figured out.
^This one actually has a poll
Works great! 52.39%
Won't power on. 6.73%
Pulsing blue light, no video signal. 12.71%
Controller-related issue. 1.14%
Error code or having Internet connection problems. 20.19%
Other problem. I'll comment below to report it. 7%