I'm having problems turning on my t.v. sometimes i have to turn it off and on 20 to 30 times before the screen comes to life. The light on the front switches from red to blue but the unit doesn't wake up. I have tried cleaning the unit with compressed air... the problem happens when the t.v. is off for more then 30 minutes But sometimes only takes two or three tries to turn on.

That is more likely the sign of dying power supply, you should check it out before more damages occur.
If you are going to DIY and have proper tools, electronics knowledge, and know safety precaution then please read on:

Basic LCD monitor and TV troubleshooting guide:
http://www.fixya.com/support/r5093881-lcd_flat_panel_tv_troubleshooting_guide
http://www.fixya.com/support/r6150077-basic_lcd_monitors_troubleshooting
http://www.fixya.com/support/r7406380-tv_training_manuals
Failed TV and Monitors: http://s807.photobucket.com/albums/yy352/budm
Learn about bad caps: http://en.wikipedia.org/wiki/Capacitor_plague
Parts: www.shopjimmy.com
Capacitors kit: http://lcdalternatives.auctivacommerce.com/Default.aspx he can make you a set of caps.
Or www.digikey.com, just make sure to use caps with low ESR, 105c, high ripple current and long life rating such as PANASONIC FM or FC series.
Please post back what you find.
Please leave rating if it helps.