This has been happening for a week, whenever I hit the key to take my 3+ year old Mac out of "sleep" mode, I hear a light grind noise, about 4 times, then a light whirling "wind down" noise. It sometime won't start up again right away, and a few times we've had to unplug the power, and start over from scratch.
I've a similar sound on a video-game console in it's death throes. The noise is coming from the back of the upper part of the unit. There is no CD-ROM in the computer.
Is it time to do an "Old Yeller" on my iMac?\
-Jpstr