We also had a SYS and flashing "W" in our machine, tried resetting it, which would work for a while and then the problem started again. Yesterday my partner unplugged the machine and unscrewed the protective casing around the fan, situated on its left (your right if you are facing it) and blew a lot of dust out and made sure the fan was running smoothly. He also unscrewed all the screws and took the casing off because he wanted to see why the video wasn't working. He wasn't able to fix the video problem, but cleaning the machine of all the dust it had has stopped it malfunctioning and it now works properly and records as normal onto the hard drive. So I would advise anyone with this problem - if resetting the machine hasn't worked, try cleaning the dust out from the fan. We think it may have been overheating when we had our central heating on and so switched off.
Compused, January 2011