PlayStation Network DOWN: PS3 Network Problems Plague Users (UPDATED)

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Got PlayStation problems? You're not alone.

UPDATE 3/1/2010 2:52PM ET: Sony has warned PlayStation 3 users not to use their machines until the PlayStation network problem has been resolved.
Sony tells PS3 owners: '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.' (via FastCompany).

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UPDATE 3/1/2010 1:26PM ET: The Associated Press has additional information on the PlayStation network outage.

According to the AP, the problem is being caused by a 'Y2K-like bug:'

Sony says the problem was likely caused by a bug in the clock functionality incorporated in the system. It's affecting older PlayStation 3 models, not the newest slim version.

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The PlayStation network has suffered a major 'PSN error,' and Sony says it's trying to address the issue, which has interrupted PlayStation 3 owners' ability to connect to the PlayStation network.

Mashable details the problems Sony PlayStation 3 (PS3) users are facing:

Sony PlayStation 3 owners in multiple regions (including North America, Europe, and Australia) are facing the inability to sign into the PlayStation Network online gaming service, corrupted user data and inability to play some games online or off. The problems are accompanied by the 8001050F error code

Users can get more information from the Sony PlayStation Twitter account.

Sony PlayStation tweeted on February 28th,

# PSN status update: We're narrowing down the issue and continue to work to restore service to all. Updates as soon as we have them.

We're aware that many of you are having problems connecting to PSN, and yes, we're looking into it. Stay tuned for updates.

More information is available on Sony's blog.

Sony has said that they 'have narrowed down the issue and have engineers working to restore service even as you read this.'

Follow the live Twitter feed below for more information and real-time updates on the network problems.

Have you been affected? Tell us what problems you've faced in the comments below!

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