FYI, mine died 3 days after Christmas... For about a month prior, the unit would only power on by way of the power switch, not the remote... Yet it would turn off with the remote.... then one day last week, I pressed the power button, the blue light went off, but the tv never came on.... left it off for a while unplugged, nothin..
Took it apart and found 2 blown caps on the power supply. I have ordered a repair kit through
http://lcdalternatives.com/Repair-Kit-Olevia-242FHD-T11-LCD-TV-Capacitors-Only-Not-the-Entire-Board-P2446617.aspx
I will let you know what happens..