Well, it depends on what you mean by "repair". But for what you want to accomplish, the answer is
yes.
The drive does have the ability to "repair" itself. That is, use its reserve of spare sectors to remap and thus replace bad sectors. And as you can see, this has already been going on, with 72 confirmed bad sectors remapped and another 27 potentially bad sectors waiting in limbo.
I briefly explained what a pending sector in
this post a few months ago. Long story short, you'll want to force the drive's firmware to resolve those pending sectors--get the drive's firmware to test those sectors, and if they're good, return them to service, and if they're bad, get them remapped with a spare sector. And the way to do this is to do a full format of the drive, forcing the drive to write to every sector. This will obviously destroy all data on the drive, and it will also mean that all the other sectors are write-tested (so you may discover even more bad sectors).
Now, while you
can do this, I generally don't recommend it. I prefer peace of mind when it comes to my data, so my policy is that if a drive has a confirmed bad sector (i.e., a reallocated bad sector) (a pending sector is okay, as long as it resolves, and doesn't resolve into a reallocation), it's time to replace it. And if the drive is still within warranty, you should definitely get it replaced under warranty. But if warranty is expired, and I'm okay with potentially losing data on the drive, then I might make an exception.
The other thing to be aware of is that data that was stored in one of those bad sectors is gone. The most you can accomplish through recovery is all the data that wasn't sitting in a bad sector. So if your game console is having problems, it's likely that some part of the data that it required happened to reside in one of those pending or reallocated sectors, and now that data is corrupted. So no matter what happens, you'll probably have to reinstall everything (not sure how that works with a game console, as I've never owned one).
So... if you do want to "repair" this drive and keep using it "until smoke comes out", here is what you need to do:
0) Be aware of what you're doing. That is, a drive that has already developed bad sectors is not a healthy drive. There's a chance that the situation has stabilized, and it won't get any worse. But there's also a chance that new failures will develop. Just know that you're taking a risk with the data that you're putting on the drive. (I'm guessing that you're okay with this because it's just a game console drive and not your drive of precious irreplaceable memories?)
1) Recover any data from the drive that you don't want to lose.
2) Wipe the drive and do a full format (or low-level format).
3) Verify that the pending count is now zero, and take a look at the reallocated sector count. If there were no other errors found, the raw value should be anywhere between 48 and 63 in hex (72 to 99 in decimal). It might be a bit higher if the drive's firmware discovers more problems during the format, and that's okay. A drive has lots of spare sectors; I'm not sure how many since they don't put it in spec sheets, but it's quite a bit more than 99. The SMART score (not the raw value) for the reallocation count is useful here. Right now, your reallocation score is still 100 (out of 100), and your drive is supposed to signal failure when that score drops down to 50.
3) Reinstall and restore your data, however that works.
Oh, and
never physically open a drive.