"Blinking lights of death" ? Netgear Switch GS108

[Aldo Foot]

I have this Netgear Switch GS108 that has apparently failed. Before I
buy a new one I'd
like to know whether this is known issue with this type of unit or
Netgear hardware in
general.  This unit I have is an 8-port switch.
I perused some reading here and there and they point out to faulty
capacitors in the
unit. The fault causes what they call "Blinking lights of death", that
is, all lights blink on
and off repeatedly. Unplugging the unit and plugging it back in unit
does nothing.

Any network hardware experts know about this?

TIA,
~af