PS3/PSN Fail! (Update x3)

UPDATE 03/01/10 9:10pm: The PlayStation Blog has just confirmed that service has been restored to normal. If the XMB still displays the wrong date you should be able to fix it manually or via the Internet.

UPDATE 03/01/10 8:30pm: Although I haven't seen any official word on the PlayStation Blog or Twitter Account, Joystiq is reporting that the problem with the clock has been fixed.

UPDATE 03/01/10 12:23pm: The PlayStation Blog has just released the following Statement:

As you may be aware, some customers have been unable to connect to the PlayStation Network today. This problem affects the models other than the new slim PS3.

We believe we have identified that this problem is being caused by a bug in the clock functionality incorporated in the system.

Errors include:

• The date of the PS3 system may be re-set to Jan 1, 2000.
• When the user tries to sign in to the PlayStation Network, the following
  message appears on the screen; “An error has occurred. You have been
  signed out of PlayStation Network (8001050F)”.
• When the user tries to launch a game, the following error message appears
  on the screen and the trophy data may disappear; “Failed to install
  trophies. Please exit your game.”
• When the user tries to set the time and date of the system via the
  Internet, the following message appears on the screen; “The current date
  and time could not be obtained. (8001050F)”
• Users are not able to play back certain rental video downloaded from the
  PlayStation Store before the expiration date.

We hope to resolve this problem within the next 24 hours. In the meantime, if you have a model other than the new slim PS3, we advise that you do not use your PS3 system, as doing so may result in errors in some functionality, such as recording obtained trophies, and not being able to restore certain data.

As mentioned above, please be advised that the new slim PS3 is not affected with this error. We are doing our best to resolve the issue and do apologize for any inconvenience caused.

At least we know that the people at Sony are working hard to fix this problem. This blogger hopes that the 24 hour turnaround time frame mentioned in this statement is accurate. (Let's hope they also try to make it up to us somehow.)

Original Post Below:

As of yesterday, the Playstation Network was down... but only for the owners of the original PS3's (not the slims). The most concerning issue many users are having is that this outage is not only affecting their ability to sign into PSN, it is also preventing them from playing download games and there are reports of trophies being deleted. Some have speculated that it is an improper handling of leap years that is causing all of this havoc. As a person that owns one of these older model PS3's, it concerns me that for the amount of money gamers put into their systems, to have data loss on such a large scale is just not acceptable.

PS3 Fail!

A number of tweet's I have read are suggesting that you do not turn on your PS3 until there is a bug fix. Also note, I'm surmising that any update will come in the form of a computer download to be installed via a USB thumb drive.

As of right now, (March 1st, 11:16am) there hasn't been any updates via the PSN Blog or the PlayStation Twitter Account since last night. Check back, any updates we receive will be posted as soon as we get them.