Blah :X Well better try and see what happens than not try at all :S

Btw Is it possible that its a gpu failure though? I saw like screen tearing and artifacts a few times :s CPU was running at 950mhz on ideal config and was rarely pushed that hard really :/

edit:
Tried starting the phone in R&D mode but it still rebooted
edit2:
Now before rebooting I saw an " Internal error ....." but couldnt read it due to another reboot